Merchants Bonding Company (Mutual) · NAIC 14494
Where Merchants Bonding Company (Mutual) is admitted, where it's eligible for surplus lines, the lines it's licensed for and how much of each it writes, from state regulators' public lists and market share reports.
Merchants Bonding Company (Mutual) (NAIC 14494) is a property and casualty insurer domiciled in Iowa, part of Merchants Bonding Co. Group. State regulators list it as licensed (admitted) in Alaska, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Kentucky, Massachusetts, Maryland, Minnesota, Missouri, Mississippi, North Carolina, North Dakota, Nebraska, New Jersey, Nevada, New York, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming. It ranked #8 of 165 in Texas surety bonds in 2025 (2.3% share). It ranked #9 of 106 in South Dakota surety bonds in 2025 (2.6% share). It ranked #11 of 148 in California surety bonds in 2025 (2.5% share). The U.S. Treasury lists it as a certified surety with a $35.6M underwriting limit.
By Sam Alishahi, independent insurance broker · All companies
Where it's licensed
States whose regulator lists are loaded: Alaska, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Kentucky, Massachusetts, Maryland, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Jersey, Nevada, New York, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, West Virginia, Wyoming. Not on the lists we have for Montana, West Virginia, which doesn't by itself mean it isn't licensed there.
| State | Status | Lines licensed | Since | Source |
|---|---|---|---|---|
| Alaska | Admitted (licensed) | — | — | Alaska, 2026-10-18 |
| California | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds | — | California Department of Insurance, 2026-10-17 |
| Colorado | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds | — | Colorado, 2026-10-18 |
| Connecticut | Admitted (licensed) | — | — | Connecticut, 2026-10-18 |
| Delaware | Admitted (licensed) | — | — | Delaware, 2026-10-18 |
| Florida | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds | — | Florida Office of Insurance Regulation, 2026-10-18 |
| Georgia | Admitted (licensed) | General liability, Surety bonds, Workers' compensation | — | Georgia, 2026-10-18 |
| Hawaii | Admitted (licensed) | — | — | Hawaii, 2026-10-18 |
| Idaho | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds, Workers' compensation | — | Idaho, 2026-10-18 |
| Illinois | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds | — | Illinois, 2026-10-18 |
| Iowa | Admitted (licensed) | — | — | Iowa, 2026-10-18 |
| Kentucky | Admitted (licensed) | — | — | Kentucky Department of Insurance, 2026-10-17 |
| Maryland | Admitted (licensed) | — | — | Maryland Insurance Administration, 2026-10-17 |
| Massachusetts | Admitted (licensed) | Fidelity bonds, Surety bonds | — | Massachusetts, 2026-10-18 |
| Minnesota | Admitted (licensed) | — | — | Minnesota, 2026-10-18 |
| Mississippi | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds | 08-01-1994 | Mississippi Insurance Department, 2026-10-17 |
| Missouri | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds | — | Missouri, 2026-10-18 |
| Nebraska | Admitted (licensed) | — | — | Nebraska, 2026-10-18 |
| Nevada | Admitted (licensed) | General liability, Commercial property (fire and allied lines), Surety bonds | — | Nevada Division of Insurance, 2026-10-17 |
| New Jersey | Admitted (licensed) | — | — | New Jersey, 2026-10-18 |
| New York | Admitted (licensed) | — | — | Excess Line Association of New York (DFS-licensed and eligible excess line insurers), 2026-10-17 |
| North Carolina | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds | — | North Carolina, 2026-10-18 |
| North Dakota | Admitted (licensed) | — | — | North Dakota, 2026-10-18 |
| Ohio | Admitted (licensed) | — | — | Ohio Department of Insurance, 2026-10-17 |
| Oklahoma | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds | — | Oklahoma, 2026-10-18 |
| Oregon | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds | — | Oregon, 2026-10-18 |
| Rhode Island | Admitted (licensed) | — | — | Rhode Island, 2026-10-18 |
| South Carolina | Admitted (licensed) | — | — | South Carolina, 2026-10-18 |
| South Dakota | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds | — | South Dakota, 2026-10-18 |
| Tennessee | Admitted (licensed) | — | — | Tennessee, 2026-10-18 |
| Texas | Admitted (licensed) | Personal auto, Crime (burglary and theft), Fidelity bonds, General liability, Surety bonds | 1963/02/19 | Texas Department of Insurance, 2026-10-17 |
| Utah | Admitted (licensed) | — | — | Utah, 2026-10-18 |
| Washington | Admitted (licensed) | Surety bonds | — | Washington Office of the Insurance Commissioner and the Surplus Line Association of Washington, 2026-10-17 |
| Wisconsin | Admitted (licensed) | Fidelity bonds, General liability, Surety bonds | — | Wisconsin, 2026-10-18 |
| Wyoming | Admitted (licensed) | — | — | Wyoming, 2026-10-18 |
Method and source
Each row comes from the named regulator's public company list on the date shown, joined by NAIC number. "Admitted" means licensed by the state and backed by its guaranty fund; "surplus lines" means eligible to take risks the admitted market declines, without rate or form approval or guaranty fund protection. Premium and rank come from state market share reports that list every company. This is a public-records directory, not a rating or recommendation; for the company's own filings use the NAIC's Consumer Information Source.
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