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If you are an insurance broker or a surplus lines producer in the State of North Dakota, you must post a North Dakota Brokers Bond before you can be licensed by the State.
Bonds Express offers a North Dakota Brokers Bond with a 100% approval rate.
The are several requirements for licensure in addition to the North Dakota Brokers Bond. To familiarize yourself with these statutes, we recommand that you read Article 45-09 of the North Dakota Administrative Code in order to acquaint yourself with all of the necessary requirements for licensure in the State of North Dakota.
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 North Dakota Brokers Bond holds you accountable for your business decisions.
By possessing a North Dakota Brokers Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.