A Public Adjuster is one who advocates for a policyholder in appraising and negotiating an insurance claim.
Public Insurance Adjusters in Virginia are required to secure a surety bond as a condition of licensure. The bond guarantees that the adjuster will conduct business honestly while complying with the state insurance statues.
Public adjuster applicants must first meet the education requirements and pass the exam.
After passing the exam, complete the electronic application through the Virginia State Corporation Commission, Bureau of Insurance and pay the applicable license fee.
Those applying must be able to pass a criminal background check prior to the license being issued.
Obtain the required $50,000 surety bond from SuretyGroup.com. Applicants must "Attest" that their bond will remain in effect during the entirety of their licensure. The original bond will remain in the possession of the public adjuster.
Public adjuster licenses must be renewed every two years.
The premium that you pay for a Virginia Public Adjuster Bond is dependent on credit.
Contact our Surety Bond Specialists at:
Hours: 8:00-5:00 CST, Monday through Friday