{"id":616,"date":"2013-03-20T02:20:39","date_gmt":"2013-03-20T02:20:39","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=616"},"modified":"2017-01-03T16:20:40","modified_gmt":"2017-01-03T16:20:40","slug":"illinois-insurance-producer-bond","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/illinois-insurance-producer-bond\/","title":{"rendered":"Illinois Insurance Producer Bond"},"content":{"rendered":"<p>An Illinois insurance producer who places insurance either directly or indirectly with an insurer with which the insurance producer does not have an agent contract must provide an <strong><a title=\"Surety One commercial surety page\" href=\"https:\/\/suretyone.com\/commercial-surety-bonds\" target=\"_blank\">Illinois insurance producer bond<\/a><\/strong>. \u00a0The bond guarantees that the producer will make a full accounting of funds and payment to the person or company entitled to those funds which are received in the course of his or her insurance transactions, and comply with all the provisions of <a title=\"IL Insurance Law\" href=\"http:\/\/law.onecle.com\/illinois\/215ilcs5\/500-30.html\" target=\"_blank\">Section 500-30 of the Illinois Insurance Code<\/a>. \u00a0The Illinois producer surety bond must be in the amount of\u00a0$2500 or five percent (5%) of the premiums brokered in the previous calendar year whichever is greater, not to exceed $50,000 total aggregate liability.\u00a0The\u00a0<strong>nation\u2019s surety leader<\/strong>,\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">Surety One, Inc.<\/a>, is a specialist in the bonding needs of the insurance and financial services sector. \u00a0We will issue these\u00a0<em>surety bonds\u00a0<\/em>for ALL applicants in every state that requires bonding of insurance brokers and producers. We also offer superlative\u00a0<a title=\"Surety One fidelity bond page\" href=\"https:\/\/suretyone.com\/fidelity-bonds\" target=\"_blank\">fidelity bond<\/a>\u00a0coverages to protect against losses due to employee dishonesty. \u00a0Visit the surety leader at\u00a0<a title=\"Surety One\" href=\"https:\/\/suretyone.com\/\" target=\"_blank\">SuretyOne.com<\/a>, call\u00a0<span style=\"color: #ff0000;\">(787) 333-0222<\/span>\u00a0or\u00a0<span style=\"color: #ff0000;\">(800) 373-2804<\/span>, or email\u00a0<span style=\"color: #ff0000;\">Underwriting@SuretyOne.com<\/span>, for an\u00a0<strong>Illinois insurance producer bond<\/strong>\u00a0application or information about any bond product.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An Illinois insurance producer who places insurance either directly or indirectly with an insurer with which the insurance producer does not have an agent contract must provide an Illinois insurance producer bond. \u00a0The bond guarantees that the producer will make&#8230; <a class=\"more-link\" href=\"https:\/\/suretyone.com\/blog\/illinois-insurance-producer-bond\/\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[139],"tags":[770,771,767,769,768],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.7.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Illinois Insurance Producer Bond &bull; Surety One, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/illinois-insurance-producer-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Illinois Insurance Producer Bond &bull; Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"An Illinois insurance producer who places insurance either directly or indirectly with an insurer with which the insurance producer does not have an agent contract must provide an Illinois insurance producer bond. \u00a0The bond guarantees that the producer will make... 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