What is a Washington Surplus Line Broker's Bond?
A Surplus Lines Broker's Bond is a type of surety bond required for those desiring to write insurance business with unauthorized companies as provided for in Chapter 48.15 of the Insurance Code of the State of Washington. The Surplus Lines Broker's Bond ensures compliance with the Washington Insurance Code, business conduct in accordance with the provisions of the stateInsurance Code, Chapter 48.15, and payment to the State Treasurer, through the Insurance Commissioner, taxes as required.
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