The Texas Department of Insurance requires the Texas Public Insurance Adjuster Bond. The Department of Insurance defines a Public Insurance Adjuster as someone who is compensated on behalf of an insured or another Public Insurance Adjuster. It can also be a person who advertises, investigates, settles, or adjusts an insured with the settlement of a claim. Public Insurance Adjusters also assist an insured with the settlement of a claim for damage under any policy of insurance. Public Insurance Adjusters also negotiate the settlement of a claim for damage under any policy covering real or personal property.
The Insurance Adjuster Bond must be in the amount of $10,000. The amount of this bond must be available to the state. The state can only use this money to pay customers you have financially harmed or deceived. However, the Texas Public Insurance Adjuster Bond will not cost the full amount of the bond. The Texas Public Insurance Adjuster Bond states that the bond holder will engage in business as a Public Insurance Adjuster in accordance with the Texas Insurance Code.
Additional requirements for a Public Insurance Adjuster License
- Pay the fee of $50
- Submit the application form
- Pass the exam
- Undergo the fingerprint background check
How do I obtain a Public Insurance Adjuster Bond?
Complete our easy to navigate online application. Within one business day, one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).
The surety bond experts at Surety1 are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.