When would I be required to pay the additional $500 fee if I renewed my surplus line broker license with a $500 fee and later I submit a bond to be a broker who can transact on my own behalf?
The additional $500 fee should be submitted with the bond to the CDI. If the bond is received at the CDI without the additional fee, the licensee will receive a letter that states the additional $500 must be submitted before the licensee’s record can be updated to show that this licensee has the authority to act as an independent surplus line broker. In addition, you will need to complete the Surplus Line and/or Special Lines’ Surplus Line Certification, Form LIC-050, to indicate that you will solely transacting on behalf of a surplus line broker business entity license. 4. What fee would I need to pay if I had my surplus line broker license issued, with a fee of $700, to be able to transact on behalf of a surplus line broker business entity, and before my license is renewed I submit a bond to be able to transact on behalf of my own broker license? The additional $300 fee should be submitted with the bond to the CDI. If the bond is received without the additional fee, the licensee will
Related Questions
- When would I be required to pay the additional $500 fee if I renewed my surplus line broker license with a $500 fee and later I submit a bond to be a broker who can transact on my own behalf?
- For surplus line broker organizations that have paid the $700 fee on or after January 1, 2008, how will the additional $300 fee be charged?
- What will the business entity renewal fee be if the Business Entity paid $700 for a surplus line broker license?
