Cost: $350 ( 2 Years )
Washington DC Resident and Non-Resident Insurance Brokers are required under subdivision (d) of Section 32 of Public Law No. 824 the District of Columbia Public Law of 1940 to file a Washington DC Insurance Broker Bond as a condition of licensure.
Bonds Express offers a Washington DC Insurance Broker Bond with a 100% approval rate.
This bond expires every year on April 30th.
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 Washington DC Insurance Broker Bond holds you accountable for your business decisions.
By possessing a Washington DC Insurance Broker Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.