Illinois Insurance Producer
Flat Rates & No Credit Check
| Bond Amount Required | Bond Term | Annual Premium |
| $2,500 | 3 Years | TBD |
Insurance producers who place insurance with an insurer without an agent contract must maintain a surety bond while licensed. Required by the State of Illinois, the insurance producer bond guarantees full accounting and payment of funds received in connection with covered insurance transactions.
Cost of the Illinois Insurance Producer Bond
The cost of the $2,500 Illinois insurance producer bond is TBD per bond term with NNA Surety. Secure this surety bond today.
How the Illinois Insurance Producer Bond Works
The Illinois insurance producer bond protects parties entitled to payment when an insurance producer fails to properly account for and pay funds received through covered insurance transactions.
The bond involves three parties:
Principal: Insurance producer
Obligee: State of Illinois
Surety: Bonding company
A claim against the bond may be filed when the producer fails to meet covered requirements. Learn more about the surety bond claim process. The principal is responsible for reimbursing the surety for valid covered claims.
How to Get the Illinois Insurance Producer Bond
Follow these simple steps to get bonded with NNA Surety:
- Complete this short online application.
- Pay the TBD bond premium.
- Receive the bond form via email.
- Download and file the bond as required for your license.
Learn more about your Illinois surety bond options across the state.
Get Your Illinois Insurance Producer Bond
Stay compliant with Illinois licensing requirements by securing your insurance producer bond today. Complete this form to get bonded.