Public adjuster bond cost
The Mississippi Insurance Department requires any person wishing to become a public adjuster to post a $50,000 surety bond.
We can offer these bonds for as little as $500.
Why this bond
A public adjuster bond in Mississippi is in place to protect all public adjuster’s clients. In the event that damages or losses occur as a result of the principal’s (public adjuster’s) actions, the harmed party will be awarded proper compensation by the surety. If damages occur and the surety pays to settle the claim, the principal is responsible for reimbursing the surety. The Mississippi Insurance Department requires that all public adjusters must be licensed to practice.
Public adjuster bond details
Public adjuster bonds in Mississippi remain in effect for twelve months and must be renewed annually until canceled or claimed against. However, the surety has the right to cancel the bond at any time by giving written notice to the Commissioner of Insurance via registered mail with the cancellation’s effective date. Notice must be sent at least 60 days prior to the effective date of the cancellation. During that 60 day period prior to the effective date of the cancellation, the principal can still have a claim filed against them.
Become a public adjuster
Applicants who wish to become a public adjuster must post a $50,000 surety bond. In addition to the bond, an applicant must do the following:
- Fill out an E&O Coverage Form, provided in the important links below
- Pay a $50 licensing fee
- Pay a $200 public adjuster entity fee
Take the first step toward getting licensed by purchasing the surety bond you need quickly, easily and accurately!
Apply for your surety bond
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