IIA of IL Bond
In 1999, the IIA of IL 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, a IIA of IL 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
IIA of IL
4360 Wabash Avenue
Springfield, IL 62711
(800) 628-6436, ext. 3006
Click here 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). IIA of IL retains the master bond at its office.
To view a copy of the bond, click here.