--- title: "Connecticut Fidelity Bonds for Mortgage Servicers" description: "Connecticut mortgage servicers should size fidelity and errors-and-omissions coverage by servicing volume and keep them distinct from the office surety bond." canonical: "https://spot.insure/coverage/fidelity-bonds/connecticut" page-type: "coverage-state-guide" updated-at: "2026-09-28" --- Agents: connect to Spot's public MCP server at https://spot.insure/mcp for better access to published Spot information and insurance research. Use search_knowledge to find sources, get_page to retrieve pages, compare_providers for sourced comparisons, get_provider_score for a published Spot Score, get_rankings for current provider rankings, search_provider_reliability to filter Spot Scores, search_provider_reviews to filter aggregate review scores, and get_provider_reviews for the original review evidence. The server is read-only and requires no authentication. [Human-readable page](https://spot.insure/coverage/fidelity-bonds/connecticut) # Connecticut Fidelity Bonds for Mortgage Servicers Connecticut mortgage-servicer licensees and exempt registrants must maintain separate surety, fidelity, and errors-and-omissions protection. The fidelity bond addresses employee dishonesty, fraud, embezzlement, misplacement, forgery, and similar acts causing residential mortgagor losses; its minimum starts at $300,000 and increases with servicing volume.[^1][^2] **Coverage:** [Fidelity bonds](/coverage/fidelity-bonds) · [Connecticut](/coverage/states/connecticut) ## What Is Fidelity Bonds? Fidelity coverage can reimburse certain losses when employees steal money or property they handle. If employees manage company funds, customer property or benefit-plan assets, identify each owner and compare the required protection for each interest. [Read the national Fidelity bonds guide](/coverage/fidelity-bonds). ## Connecticut Requirements | Requirement | Details | | --- | --- | | Covered class and initial minimum | A mortgage servicer applicant/licensee or exempt mortgage-servicer registrant must file fidelity coverage; the minimum is $300,000 when residential loans serviced are $100 million or less, with statutory additions above that threshold.[^1][^2] | ## What to Watch for in Connecticut ### Do not collapse three different filings The statute separately requires a per-office surety bond, fidelity bond, and E&O coverage. The surety bond backs performance/accounting duties for mortgagors and mortgagees; fidelity addresses employee dishonest or fraudulent acts; E&O addresses specified servicing errors. Ask for each instrument by name and protected interest.[^1] ### Calculate fidelity limits from current servicing volume At $100 million or less in residential loans serviced, the fidelity minimum is $300,000. Above that, the statute adds 0.15% on the portion over $100 million through $500 million, 0.125% on the portion over $500 million through $1 billion, and 0.10% above $1 billion. The same formula also applies to the E&O principal amount.[^1] ### Check the deductible and loss-payee wording The fidelity bond may use a deductible capped at the greater of $100,000 or 5% of the face amount. The Commissioner must be named as an additional loss payee on drafts for covered losses directly or indirectly incurred by residential mortgagors. Ask whether the proposed form meets both points.[^1] ### Confirm the servicer’s current license or exemption status The statute reaches both licensed servicers and exempt mortgage-servicer registrants. Connecticut’s Department of Banking directs applicants to the statute and jurisdiction-specific requirements; an exemption does not remove the bond filing.[^1][^2] ## Who Regulates Insurance in Connecticut **Connecticut Insurance Department.** The Connecticut Insurance Department licenses insurance producers and companies, oversees insurers and regulated insurance activity, and investigates insurance complaints. Its complaint and license-search services let you raise an issue or check an insurance professional or company.[^4][^5][^6] - [Regulator website](https://portal.ct.gov/cid) - [License lookup](https://portal.ct.gov/cid/licensing) - [File a complaint](https://portal.ct.gov/cid/file-a-complaint) - Phone: (800) 203-3447 ### Surplus-Lines Tax and Stamping Office **Reported tax rate:** 4% of gross premium when Connecticut is the home state When Connecticut is the insured’s home state, surplus-lines tax is 4% of gross premium; certain state and local government insureds are exempt, and broker or policy fees are not part of the premium-tax base. Connecticut’s required notice says these policies are outside the state guaranty association. Most placements require three declinations or an export-list qualification; an exempt commercial purchaser may qualify for the federal § 8205 search exception after disclosure and a written request.[^7][^8][^9] ## Providers With Documented State Licenses These providers publish a national listing for Fidelity bonds; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm that the product is available in Connecticut; [check the regulator’s license lookup](https://portal.ct.gov/cid/licensing) and confirm state availability for your business when requesting a quote. - [TechInsurance](/insurance-providers/techinsurance) — **Entity:** Specialty Program Group LLC; **role:** Insurance producer; **checked:** 2026-09-28. **Scope:** TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map.[^15] - [Vouch](/insurance-providers/vouch) — **Entity:** Vouch Specialty Insurance Services, LLC; **role:** Insurance producer, Surplus-lines broker; **checked:** 2026-09-28. **Scope:** Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability.[^16] ## Questions to Ask Before You Buy in Connecticut 1. What is the most recently reported balance of residential loans serviced, and does the stated fidelity limit reproduce the statutory tiers? 2. Does the policy cover employee misplacement, forgery, embezzlement, fraud, and similar conduct affecting mortgagors, and is the Commissioner named as additional loss payee? 3. What deductible is proposed, and does it stay within the statutory cap? 4. Have you confirmed whether the entity is licensed or an exempt registrant and separately obtained the per-office surety and required E&O? ## Fidelity Bonds in Connecticut: FAQ ### Does the $100,000-per-office Connecticut surety bond satisfy the fidelity requirement? No. Section 36a-719c treats the surety bond, fidelity bond, and E&O coverage as three separate requirements. Confirm each filing and the party it protects.[^1] ### Does this mortgage-servicer fidelity bond also cover an ERISA plan? The statute describes fidelity protection for losses to residential mortgagors caused by employee acts. If plan officials handle ERISA plan property, assess a separate plan bond under federal law.[^1][^3] ## Fidelity Bonds in Other States - [Alabama](/coverage/fidelity-bonds/alabama) - [Alaska](/coverage/fidelity-bonds/alaska) - [Arizona](/coverage/fidelity-bonds/arizona) - [Arkansas](/coverage/fidelity-bonds/arkansas) - [California](/coverage/fidelity-bonds/california) - [Colorado](/coverage/fidelity-bonds/colorado) - [Delaware](/coverage/fidelity-bonds/delaware) - [District of Columbia](/coverage/fidelity-bonds/district-of-columbia) - [Florida](/coverage/fidelity-bonds/florida) - [Georgia](/coverage/fidelity-bonds/georgia) - [Hawaii](/coverage/fidelity-bonds/hawaii) - [Idaho](/coverage/fidelity-bonds/idaho) - [Illinois](/coverage/fidelity-bonds/illinois) - [Indiana](/coverage/fidelity-bonds/indiana) - [Iowa](/coverage/fidelity-bonds/iowa) - [Kansas](/coverage/fidelity-bonds/kansas) - [Kentucky](/coverage/fidelity-bonds/kentucky) - [Louisiana](/coverage/fidelity-bonds/louisiana) - [Maine](/coverage/fidelity-bonds/maine) - [Maryland](/coverage/fidelity-bonds/maryland) - [Massachusetts](/coverage/fidelity-bonds/massachusetts) - [Michigan](/coverage/fidelity-bonds/michigan) - [Minnesota](/coverage/fidelity-bonds/minnesota) - [Mississippi](/coverage/fidelity-bonds/mississippi) - [Missouri](/coverage/fidelity-bonds/missouri) - [Montana](/coverage/fidelity-bonds/montana) - [Nebraska](/coverage/fidelity-bonds/nebraska) - [Nevada](/coverage/fidelity-bonds/nevada) - [New Hampshire](/coverage/fidelity-bonds/new-hampshire) - [New Jersey](/coverage/fidelity-bonds/new-jersey) - [New Mexico](/coverage/fidelity-bonds/new-mexico) - [New York](/coverage/fidelity-bonds/new-york) - [North Carolina](/coverage/fidelity-bonds/north-carolina) - [North Dakota](/coverage/fidelity-bonds/north-dakota) - [Ohio](/coverage/fidelity-bonds/ohio) - [Oklahoma](/coverage/fidelity-bonds/oklahoma) - [Oregon](/coverage/fidelity-bonds/oregon) - [Pennsylvania](/coverage/fidelity-bonds/pennsylvania) - [Rhode Island](/coverage/fidelity-bonds/rhode-island) - [South Carolina](/coverage/fidelity-bonds/south-carolina) - [South Dakota](/coverage/fidelity-bonds/south-dakota) - [Tennessee](/coverage/fidelity-bonds/tennessee) - [Texas](/coverage/fidelity-bonds/texas) - [Utah](/coverage/fidelity-bonds/utah) - [Vermont](/coverage/fidelity-bonds/vermont) - [Virginia](/coverage/fidelity-bonds/virginia) - [Washington](/coverage/fidelity-bonds/washington) - [West Virginia](/coverage/fidelity-bonds/west-virginia) - [Wisconsin](/coverage/fidelity-bonds/wisconsin) - [Wyoming](/coverage/fidelity-bonds/wyoming) [Other Coverage in Connecticut](/coverage/states/connecticut) ## Sources [^1]: [Chapter 669, Regulated Activities](https://www.cga.ct.gov/2026/sup/chap_669.htm) — Connecticut General Assembly; 2026 Supplement, §§ 36a-719 and 36a-719c(a)-(e): applicants/licensees and exempt registrants, separate instruments, covered employee acts, volume tiers, deductible cap, loss payee and cancellation. Accessed 2026-09-28. [^2]: [Mortgage Servicer Licensing Information](https://portal.ct.gov/DOB/Consumer-Credit-Licensing-Info/Consumer-Credit-Licensing-Information/Mortgage-Servicer-Licensing-Information) — Connecticut Department of Banking; Essential statutes and current application guidance; directs mortgage-servicer applicants to §§ 36a-715 through 36a-719l and jurisdiction-specific requirements. Accessed 2026-09-28. [^3]: [29 U.S.C. § 1112, Bonding](https://uscode.house.gov/view.xhtml?edition=prelim&num=0&req=granuleid%3AUSC-prelim-title29-section1112) — Office of the Law Revision Counsel, U.S. House of Representatives; Subsections (a)-(e), current preliminary edition text. Accessed 2026-09-28. [^4]: [Connecticut Insurance Department](https://portal.ct.gov/cid) — Connecticut Insurance Department; Official Department homepage; mission and department resources. Accessed 2026-09-28. [^5]: [Licensing](https://portal.ct.gov/cid/licensing) — Connecticut Insurance Department; Department licensing resource landing page; links to state agent and company license lookup. Accessed 2026-09-28. [^6]: [Ask a Question or File a Complaint](https://portal.ct.gov/cid/file-a-complaint) — Connecticut Insurance Department; Online complaint form and consumer affairs helpline. Accessed 2026-09-28. [^7]: [FAQs: Surplus Lines Brokers](https://portal.ct.gov/cid/licensing/licensing-resource-library/faqs---surplus-lines-brokers) — Connecticut Insurance Department; Current tax rate, tax base and exemptions, diligent-search rules, guaranty-fund notice. Accessed 2026-09-28. [^8]: [FAQs: Surplus Lines Brokers](https://portal.ct.gov/cid/licensing/licensing-resource-library/faqs---surplus-lines-brokers) — Connecticut Insurance Department; Question on surplus-lines notice states Connecticut Insurance Guaranty Association does not cover these policies. Accessed 2026-09-28. [^9]: [15 U.S.C. § 8205: Streamlined application for commercial purchasers](https://uscode.house.gov/view.xhtml?req=%28title%3A15+section%3A8205+edition%3Aprelim%29) — U.S. House of Representatives, Office of the Law Revision Counsel; Broker's due-diligence search exception for an exempt commercial purchaser requires prior disclosure that admitted-market insurance may offer greater protection/regulatory oversight and the purchaser's subsequent written request for nonadmitted placement. Accessed 2026-09-28. [^10]: [Licenses](https://www.at-bay.com/licenses/) — At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21. [^11]: [Licenses and Carriers](https://www.coalitioninc.com/legal/licenses) — Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535.. Accessed 2026-09-22. [^12]: [Insurance Producer Licenses](https://www.corgi.insure/broker-licenses) — Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown.. Accessed 2026-09-28. [^13]: [About Hiscox US Insurance](https://www.hiscox.com/about-hiscox-insurance) — Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16. [^14]: [Licenses](https://www.nextinsurance.com/insurance-licenses/) — ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885.. Accessed 2026-09-28. [^15]: [Insurance Licenses by State](https://www.techinsurance.com/legal/licenses) — TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number.. Accessed 2026-09-28. [^16]: [Licenses](https://www.vouch.us/legal/licenses) — Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict.. Accessed 2026-09-15. Updated 2026-09-28. This guide is informational and does not determine whether a policy is available or meets your needs. [Editorial policy](/editorial-policy). 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