The California Insurance Adjuster Bond is required by the California Department of Insurance. The bond amount is set at $2,000. It states that the bondholder shall faithfully and honestly conduct their business. It protects the public from fraudulent insurance adjuster practices.
Who needs a California Insurance Adjuster Bond?
An Insurance Adjuster is a person who, for consideration, engages in the business of making an investigation for the purpose of obtaining information. This is done in the course of adjusting or participating in the disposal of any claim in connection with a policy of insurance. The Insurance Adjuster also engages in solicitating insurance adjustment business.
All Insurance Adjusters are required to be licensed with the State. The Insurance Adjuster bond is one of the licensing requirements.
What are other licensing requirements?
Applicants must be at least 18 years old and meet the oversight requirements for residency. They must have two years of certified experience in the field. As well as, complete the Individual or Business entity application form.
Where can I get a California Insurance Adjuster Bond?
At Surety1 you can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1 has been in the business since 2003. We are licensed in all 50 states. As a result, our services have earned an A+ rating from the Better Business Bureau.