Virginia Surplus Lines Insurance Broker Bond

A Bond for Surplus Lines Insurance Broker (Virginia Form SLB-2) is a type of corporate surety bond required to comply with Section 38.2-1857.2 B of the Code of Virginia for those having applied to the State Corporation Commission of the Commonwealth of Virginia for a license to act as a Surplus Lines Broker. The surety bond must be in a penal sum or coverage amount of $25,000 and the bond is conditioned upon of the principal paying all taxes and assessments as required and conducting business in accordance with the provisions of the laws, licensing guidelines, and regulations of the Commonwealth of Virginia as they pertain to Surplus Lines Brokers.