How Is A Surplus Lines Broker Licensed?

An applicant must complete an application (AL Form SLB­1) and a bond (AL Form SLB­13) 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.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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