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What Must Be Submitted To Apply For A Surplus Lines License?

To apply for a Surplus Lines Broker license, the applicant must submit:

  • Application Form 8301
  • License fee of $100.00
  • Proof of Financial Responsibility in the amount of at least $1,000,000 per occurrence and $2,000,000 in the aggregate, which must be in the form of: Errors and Omissions policy issued by an authorized insurer and filed on Form 99­1, or
  • Letter of Credit on Form 99­2, or
  • Surety Bond issued by an authorized corporate surety and filed on Form 99­3, or
  • A combination of a bond and a deposit filed on Form 99­2 and Form 99­3
  • Penal Bond issued by an authorized corporate surety in favor of the State of Kentucky in the sum of $50,000
  • (The policy, bond, or deposit shall not be terminated unless the issuer gives the Surplus Lines Broker and the Department of Insurance at least thirty days' prior written notice.)

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