If you are engaged as a Surplus Lines Agent in Pennsylvania, you are required under section 1601 et. seq. of the Act of May 17, 1921, P.L. 682, No. 284, as amended, to file a Pennsylvania Surplus Lines Bond as a condition of licensure.
Bonds Express offers a Pennsylvania Surplus Lines Bond with a 99% approval rate.
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 Pennsylvania Surplus Lines Bond holds you accountable for your business decisions.
By possessing a Pennsylvania Surplus Lines Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.