Those engaged in operating Georgia Registered Producers are required to execute a Georgia Registered Producers License Tax Liability Bond to ensure compliance with the Official Code of Georgia Section 3-4-22.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Georgia Registered Producers License Tax Liability Bond holds you accountable for your business decisions.
By possessing a Georgia Registered Producers License Tax Liability Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.