In Nebraska an insurance managing general agent must provide a Nebraska managing general agent bond and be approved by the state regulator as an MGA. Nebraska statute defines a managing general agent as any person who manages all or part of the insurance business of an insurer, including the management of a separate division, department, or underwriting office, and acts as an agent for such insurer, whether known as a managing general agent, manager, or other similar term, who, with or without the authority, either separately or together with affiliates, produces, directly or indirectly, and underwrites in any one quarter or year an amount of gross direct written premium equal to or more than five percent of the policyholders surplus as reported in the last annual statement of the insurer in any one quarter or year and who; (a) adjusts or pays claims in excess of ten thousand dollars; or, (b) negotiates reinsurance on behalf of the insurer. The Nebraska managing general agent surety bond is written on the state bond form entitled Nebraska Bond for Managing General Agents. The bond obligation guarantees the MGA’s compliance with Article 49, Sections 44-4901 through 44-4910. The nation’s surety leader, Surety One, Inc., is a specialist in the bonding needs of the financial services sector. We will issue these surety bonds for ALL experienced MGA applicants in every state that requires bonding of managing general agencies. We also offer superlative fidelity bond coverages to protect against losses due to employee dishonesty. Visit the surety leader at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com, for a Nebraska managing general agent bond application or information about any bond product.
