HB 1597 | Amends the bonding requirements for surplus line insurance brokers' licenses |
HB 1597 - This act amends the bonding amount required for
insurance brokers selling surplus lines insurance so as to be the
greater of $10,000 or an amount equal to the broker's tax
liability for the previous tax year. Currently, a bond of
$10,000 is required.
STEPHEN WITTE