§ 124.8. Surplus lines licensee bond requirements.
(a) The bond required under section 1615(b)(4) of the act (40 P. S. § 991.1615(b)(4)) to be maintained concurrent with the term of a surplus lines agent’s license shall be in the amount of at least $50,000 for the initial term of the license.
(b) The amount of the bond required for renewal of a surplus lines agent’s license shall be based on the total taxable surplus lines premium volume of the surplus lines agent during the preceding calendar year as reported to the Department of Revenue under section 1621 of the act (40 P. S. § 991.1621) and determined by using the following table:
| Total Taxable Surplus | Required Minimum |
| Lines Premium Volume | Amount of Bond |
| $0—$1,999,999 | $50,000 |
| $2,000,000—$3,999,999 | $100,000 |
| $4,000,000—$5,999,999 | $150,000 |
| $6,000,000—$7,999,999 | $200,000 |
| $8,000,000—and over | 3% of the total taxable surplus lines premium volume of the surplus lines licensee during the preceding calendar year or other amount acceptable to the Commissioner. |
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