About Us

Pacific Financial Association, Inc. (PFA) was founded in 1998 by J. Penny Larson, formerly an international banking consultant. Ms. Larson began issuing BMC-85 Trust Fund Agreements to freight brokers and grew her company to what is now the largest issuer of BMC-85s in the nation.


The BMC-84 Surety Bond and the BMC-85 Trust Fund Agreement satisfy the Federal Motor Carrier Safety Administration’s (FMCSA) surety requirement of $75,000. This is mandatory for all transportation property brokers. When you’re ready to become a transportation broker, we’re ready to earn your trust by taking care of the FMCSA's bonding requirement. PFA, through its wholly-owned subsidiary Artisan Bonding & Insurance Services, sells BMC-84 Surety Bonds and is the only company that offers both the BMC-84 and BMC-85 surety instruments. This gives us the very unique ability to find the best solution for every freight broker and/or freight forwarder!

Throughout our history, PFA consistently earns customers’ confidence by protecting their trust funds with sound investing principles. Our claims servicing department also guards clients’ collateral and/or bond by ensuring that only legitimate claims are processed. As the industry leader in BMC-85s, our claims staff has processed more claims than any other surety provider. With extensive legal expertise in the specifics of freight broker regulations, PFA expedites legitimate claims and quickly identifies fraudulent claims. This same expert, dedicated, claims department manages the claims for our BMC-84 customers as well. Unlike other multi-line sureties, PFA only deals with broker bond claims and works diligently to protect broker contracts.

Historically, PFA has the lowest claims ratio in the industry because we are so good at what we do. Contact our dedicated and experienced sales staff today and discover why we are the leader in transportation surety. PFA will find the best surety instrument to meet your specific needs and help you become an active transportation broker. With us, your future and potential are unlimited!

PFA is a privately held company licensed as a finance lender by the California Department of Business Oversight, File No: 603 9892. PFA is authorized by the FMCSA as a Financial Institution to issue BMC-85 Property Broker Trust Fund Agreements pursuant to 49 CFR § 387.307 under Filer No: 22512. Artisan Bonding is a national agency brokerage licensed in all 50 states that focuses exclusively on the surety market representing over twenty insurance companies with an AM Best rating of “A” or better.

The PFA executive team comprises highly committed, ethical, and results-oriented individuals with wide-ranging expertise in all aspects of the surety, insurance, and transportation industries.


Penny Larson, Founder & Chairman of the Board
Daniel Larson, Chief Executive Officer
Kevin Jackson, Chief Operating Officer