How Is A Surplus Lines Broker Licensed?

An applicant must complete an application (AL Form SLB­1) http://www.aldoi.org/iView/page.cfm?view=52 and a bond (AL Form SLB­13) http://www.aldoi.org/iView/page.cfm?view=52 and pay a licensing fee of $50.00. The bond is in the sum of $50,000 aggregate liability, but the amount may vary according to the amount of surplus lines taxes paid the previous year.

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