Adjuster Bond
Adjuster bonds is required by law if you operate as either a public adjuster or independent adjuster. The adjuster Bond penalty vary based on the required state.
List of States requiring a Public Adjuster Bond or Independent Adjuster Bond
California Insurance Adjuster Bond – $2,000
California Public Adjuster Bond – $20,000
Colorado Public Adjuster Bond – $20,000
Delaware Public Adjuster Surety Bond – $20,000
Florida Public Adjuster Bond – $50,000
Georgia Public Adjuster Bond – $5,000
Hawaii Public Adjusters Bond – $10,000
Idaho Public Adjuster Bond – $20,000
Illinois Public Adjuster Surety Bond – $20,000 (2 Years)
Indiana Nonresident Public Adjuster Bond – $10,000
Indiana Public Adjuster Bond – $10,000
Iowa Insurance Adjuster Bond – $20,000
Iowa Public Adjuster Bond – $20,000
Kentucky Independent Insurance Adjuster Bond – $1,000 (2 years)
Kentucky Insurance Public Adjuster Bond – $20,000
Kentucky Public Adjuster Bond – $20,000
Louisiana Public Adjuster Bond – $50,000
Minnesota Public Adjuster Surety Bond – $10,000
Mississippi Public Adjuster Bond – $50,000
Missouri Public Adjuster Bond – $10,000
Missouri Public Adjuster Solicitor Bond – $1,000
Montana Public Adjuster Bond – $5,000
Nevada Debt Adjuster Bond – $10,000
New Hampshire Public Adjuster Bond – $20,000
New Jersey Public Adjuster License Bond – $10,000
New Mexico Insurance Adjuster Bond – $10,000
New York Independent Adjuster Surety Bond – $1,000
Statistics recorded with Counterize - Version 3.1.4
New York Public Adjuster Surety Bond – $1,000 for 2 years
North Carolina Public Adjuster Surety Bond – $20,000
Ohio Public Adjuster Surety Bond – $1,000
Ohio Public Adjuster Surety Bond – $1,000
Ohio Public Adjuster Surety Bond – $1,000
Oklahoma Public Adjuster Bond – $25,000
Pennsylvania Public Adjuster Bond – $20,000 (1 year)
Pennsylvania Public Adjuster Bond – $20,000 (2 years)
Pennsylvania Public Adjuster Solicitor Bond
Public Adjuster Bond
Tennessee Public Adjuster Bond – $50,000
Tennessee Public Adjuster Bond (2 years) – $50,000
Texas Public Adjuster Surety Bond – $10,000
Virginia Public Adjuster Bond – $50,000
Washington DC Insurance Adjuster Bond – $20,000
Washington DC Public Adjuster Bond – $20,000
Washington Public Adjuster Bond – $5,000 only $100California Adjuster bond requires either $2,000 or $20,000
The Public Adjuster Bond guarantees that you will comply with State laws and statutes and conduct business in accordance with all rules and regulations.
The Public Adjuster Bond is a license and permit surety bond that protects the policyholder for whom the adjuster rendered services from fraud, dishonesty, misstatement, misrepresentation, deceit and or any unlawful acts as they investigate the claim and issue their settlement recommendations.
You are required to obtain a surety bond to protect your clients. If you do not follow state regulations, a claim can be filed on your bond.
Why do you need a Public Adjuster Bond?
In the required States, any individual or business entity who aids an insured in negotiating the settlement of claims for loss or damage under an insurance policy or who advertises or solicits business as a public insurance adjuster is required to be licensed as a public insurance adjuster and obtain a surety bond to be in compliance with the state Statutes.
How long does the Public Adjuster Surety Bond last?
Each state has different year terms, 1 or 2 years, which means the bond will remain in effect until expiration date.
Call Jose: 800-921-1008 or email: JW@BFBOND.com
