Insurance adjuster bond cost
The California Producer Licensing Bureau requires public insurance adjusters to post $20,000 surety bonds, and private insurance adjusters to post $2,000 surety bonds.
Why this bond
Insurance adjuster bonds in California are put in place to ensure that principals (public insurance adjusters) conduct business faithfully, honestly and in compliance with the laws of the state.
If the principal commits any malicious or wrongful acts while on the job, the bond protects any person harmed from financial loss up to the full amount of the bond. The adjuster must reimburse the surety for all damages paid out.
Insurance adjuster bond details
California insurance adjuster bonds remain in full force and effect until canceled or violated. Public adjuster bonds must run concurrently with the principal’s license, while private adjuster bonds can be canceled by the surety if the surety delivers written notice of cancellation to the commissioner at least 30 days prior to the effective termination date.
Become an insurance adjuster
To become a private insurance adjuster in California, applicants must:
- Complete and submit an Application for Individual Adjuster License
- Complete and submit an Application for Adjuster Business Entity License
- Post a Bond of Insurance Adjuster in the amount of $2,000
- Submit an Application for Branch Office Certificate, if applicable
- Submit fingerprint impressions
- Pass the qualifying license examination
- Pay all required fees
- And more
To become a public adjuster in California, applicants must:
- Complete and submit an Application for Individual Adjuster License
- Complete and submit an Application for Adjuster Business Entity License
- Post a Bond of Public Insurance Adjuster in the amount of $20,000
- Submit an Application for Branch Office Certificate, if applicable
- Complete and submit a Public Insurance Adjuster Authorization Application
- Complete and submit a Public Adjuster Sample Contract form
- Pass all prelicensing experience/education
- Comply with all continuing education terms
- Pay all required fees
Take the first step toward becoming licensed by purchasing the surety bond you need instantly!
Apply for your surety bond
Get a FREE Insurance Adjuster Bond Quote Today! Click here to begin
which are absolutely
