A Nevada title insurance agent bond is a surety bond that a title agent or title insurer must deposit with the Nevada Commissioner of Insurance to be licensed. Under NRS 692A.1041, each title agent and title insurer “shall deposit with the Commissioner and keep in full force and effect a corporate surety bond which complies with NRS 679B.175 and is in an amount as determined by the Commissioner.” The bond must name as principals the title agency or title insurer and all escrow officers employed by or associated with them, and it protects the State of Nevada and any person who is damaged by a violation of Chapter 692A, including fraud, dishonesty, misrepresentation, or concealment in a title or escrow transaction. The Nevada Division of Insurance provides the official bond form (the Title Bond Template) and the bond is filed with your license application. This is the title and escrow bond regulated by the Division of Insurance. It is not the Nevada DMV bonded (lost) vehicle title bond, which is a separate motor vehicle requirement.
| Item | Detail |
|---|---|
| Who requires it | The Nevada Division of Insurance (Department of Business and Industry), through the Commissioner of Insurance |
| Who must post it | Title agents and title insurers licensed under Chapter 692A. The bond names the title agency or title insurer and all escrow officers as principals. |
| Governing law | NRS 692A.1041 (duty to deposit the surety bond), NRS 679B.175 (form and general bond requirements), NRS 692A.1042 (substitute security allowed), NRS 692A.100 (licensing of title agents, title insurers, and escrow officers) |
| Official form | Nevada Division of Insurance Title Bond Template (form DOC 339A), filed with the license application to the Division of Insurance, Specialty Licensing, Carson City |
| Bond amount | Set by the Commissioner. Not less than $20,000, or 2 percent of the average collected balance of the trust or escrow account, whichever is greater, up to a maximum of $250,000. [VERIFY against Nevada Division of Insurance and the Commissioner’s regulation under NRS 679B.175: confirm the current 2 percent basis and the $250,000 maximum, since the current NRS 692A.1041 delegates the exact amount to the Commissioner.] |
| Premium basis | [CLIENT FLAG: insert All n One premium structure, e.g. percentage of bond amount by credit tier] |
| Coverage term | Continuous. The bond must be kept in full force and effect for as long as the license is held; the Commissioner reviews the required amount. [VERIFY against Nevada Division of Insurance: confirm how often the Commissioner recalculates the required amount, for example annually.] |
| Obligee | The State of Nevada, for the use and benefit of any person who suffers damages. The bond is deposited with the Commissioner of Insurance. |
How much is the bond, and how is the amount set?
NRS 692A.1041 does not set a single flat number. It requires a corporate surety bond “in an amount as determined by the Commissioner” that complies with NRS 679B.175. In practice the Commissioner sizes the bond to the money a title agent or title insurer holds in trust or escrow, subject to a floor and a ceiling.
| Situation | How the bond amount is set |
|---|---|
| Standard title agent or title insurer | Not less than $20,000, or 2 percent of the average collected balance of the trust or escrow account, whichever is greater. The Nevada Division of Insurance states a $20,000 starting point on its Title Agency licensing page. |
| Larger trust or escrow balances | As the average collected balance grows, 2 percent of that balance can exceed the $20,000 floor, so the required bond rises with it. [VERIFY against the Commissioner’s regulation under NRS 679B.175: confirm the 2 percent basis and how the average collected balance is measured.] |
| Maximum | The bond is capped at $250,000, so the required amount does not keep rising without limit. [VERIFY against Nevada Division of Insurance and the Commissioner’s regulation: confirm the $250,000 maximum is current.] |
Because the current statute delegates the exact figure to the Commissioner, the Division of Insurance tells each licensee the required amount. [VERIFY against Nevada Division of Insurance: confirm how and when the Commissioner communicates the required bond amount to a title agent or title insurer.]
What does the bond cover?
The bond guarantees that the title agent, title insurer, and their escrow officers comply with Chapter 692A and pay for harm they cause in title and escrow work. It is conditioned so that if the principal and the principal’s agents and employees strictly, honestly, and faithfully comply with Chapter 692A, the obligation is void; otherwise it stays in force and can be claimed against.
Key points about coverage:
- It protects the State of Nevada and any person who suffers damages because of a violation of Chapter 692A, including damages caused by fraud, dishonesty, misrepresentation, or concealment of material facts in a transaction governed by Chapter 692A.
- It names the title agency or title insurer and all escrow officers employed by or associated with them as principals, so the escrow officers are covered under the same bond.
- It is a form of financial security for the licensing law. A claimant who is damaged can recover against the bond up to its full amount.
- Under NRS 692A.1042, a title agent or title insurer may deposit a substitute form of security in lieu of the surety bond, such as certain obligations of a Nevada-licensed bank, savings and loan, savings bank, thrift company, or credit union, or certain government obligations. [VERIFY against NRS 692A.1042: confirm the full current list of accepted substitute securities.]
- A bond is not insurance for the license holder. If the surety pays a claim, the title agent or title insurer must repay the surety.
How much does the bond cost?
You do not pay the full bond amount. You pay a premium, which is a small percentage of the bond amount and is set mainly by the bond size and your credit.
[CLIENT FLAG: insert All n One Insurance pricing for the Nevada title insurance agent bond, e.g. premium rate range by credit tier and one worked example such as “a $20,000 bond for $X.” Do not publish a premium number until All n One provides it.]
Because the required bond amount can rise with the trust or escrow balance up to the $250,000 cap, your premium scales with the bond amount the Commissioner requires. [CLIENT FLAG: confirm whether All n One quotes this bond as a flat fee or as a percentage of the bond amount.]
Is this the same as a bonded (lost) vehicle title?
No. These are two different bonds handled by two different Nevada agencies.
- The Nevada title insurance agent bond on this page is a title and escrow bond regulated by the Nevada Division of Insurance under Chapter 692A. It lets a title agent or title insurer be licensed and it protects people who are harmed in title and escrow transactions.
- A bonded title, also called a lost title bond or certificate of title surety bond, is a Nevada Department of Motor Vehicles requirement. It is for a person who owns a vehicle but cannot prove ownership with a proper title, and it lets the DMV issue a title. It has nothing to do with title insurance or escrow. [VERIFY against Nevada DMV: confirm the governing statute (Nevada Revised Statutes Chapter 482) and the bond amount basis, for example a multiple of the vehicle’s value, before describing the DMV bonded title in more detail.]
If you were sent here looking for the DMV bonded title for a car, boat, or other vehicle, this is not that bond.
How do I get bonded and file for my Nevada title agent license?
- Confirm the required bond amount with the Nevada Division of Insurance. It starts at $20,000 and can be higher based on your trust or escrow balances, up to $250,000. [VERIFY against Nevada Division of Insurance: confirm how the required amount is set for a first-time applicant.]
- Get a surety bond quote. Apply with All n One Insurance for the required amount. Approval and premium depend mainly on the bond size and your credit.
- Receive your bond on the official form. Nevada uses the Division of Insurance Title Bond Template (form DOC 339A). The bond names the title agency or title insurer and all escrow officers as principals.
- Include the power of attorney. Submit the completed bond form along with the surety’s power of attorney. [VERIFY against Nevada Division of Insurance: confirm the power of attorney is required with the bond.]
- File the bond with your license application. Submit the original bond to the Nevada Division of Insurance, Attn: Specialty Licensing, 1818 E. College Pkwy., Ste. 103, Carson City, NV 89706, or as the Division directs. [VERIFY against Nevada Division of Insurance: confirm the current filing address and whether electronic filing is accepted.]
- Keep the bond in force. The bond must stay in full force and effect for as long as you hold the license, and the required amount can change as the Commissioner reviews it.
Frequently asked questions
Who has to post a Nevada title insurance agent bond?
Title agents and title insurers licensed under Chapter 692A. NRS 692A.1041 requires each title agent and title insurer to deposit a corporate surety bond with the Commissioner, and the bond names the title agency or title insurer and all escrow officers as principals.
How much is the Nevada title agent bond?
It is set by the Commissioner. The Division of Insurance states a $20,000 starting point, and the bond can be as much as 2 percent of the average collected balance of the trust or escrow account, up to a maximum of $250,000. [VERIFY against the Commissioner’s regulation under NRS 679B.175: confirm the 2 percent basis and the $250,000 maximum.]
Who is protected by the bond?
The State of Nevada and any person who suffers damages from a violation of Chapter 692A, including fraud, dishonesty, misrepresentation, or concealment of material facts in a title or escrow transaction.
Are escrow officers covered under the title agency’s bond?
Yes. NRS 692A.1041 requires the bond to name the title agency or title insurer and all escrow officers employed by or associated with them as principals.
Can I deposit something other than a surety bond?
Yes. NRS 692A.1042 lets a title agent or title insurer deposit a substitute form of security in lieu of the surety bond, such as certain bank obligations or certain government obligations. A surety bond is usually preferred because it does not tie up your own cash or securities. [VERIFY against NRS 692A.1042: confirm the full current list of accepted substitute securities.]
What form do I use, and where do I file it?
Nevada uses the Division of Insurance Title Bond Template (form DOC 339A). You file the completed bond, with the power of attorney, together with your license application to the Division of Insurance, Specialty Licensing, in Carson City. [VERIFY against Nevada Division of Insurance: confirm the current form version and filing method.]
How long does the bond last?
It is continuous. The bond must be kept in full force and effect for as long as you hold the license. The Commissioner can adjust the required amount over time.
Is this the same as a bonded title for a vehicle?
No. The bonded (lost) vehicle title bond is a Nevada DMV requirement for proving ownership of a vehicle. The bond on this page is a title and escrow bond regulated by the Division of Insurance and has nothing to do with vehicles.
