In 1999, the PIIAI was successful in passing legislation that allowed
the association to provide our members with the required producer bond
and agency bond at an extremely low cost—only $15 per producer.
Each producer receives $50,000 coverage, with the agency bond added
at no extra cost.
To sign up for the bond program, underwritten by Safeco Surety, a PIIAI
member agency simply needs to fill out the producer
bond form listing each of your producer's names and social
security numbers, and include a check for $15 per producer, and mail
to:
Debbie Trudeau
PIIAI
4360 Wabash Avenue
Springfield, IL 62711
(800) 628-6436, ext. 3006
for a copy of the producer bond form. (word format)
The Illinois Department of insurance no longer requires you to submit
a copy of your bond with your license renewal. Therefore, a copy of
the bond will not be sent to you (copy can be obtained as explained
below). PIIAI retains the master bond at its office.
To view a copy
of the bond, click PIIAI
Bond.
