The Tennessee Public Adjuster Bond is required by the Tennessee’s Department of Commerce and Insurance, in the amount of $50,000. The bond states the bond holder shall fully account and pay to the person entitled, all funds that may come into their possession, through insurance transactions under the Public Adjuster’s license. In addition, the bond holder shall conduct their business in full compliance with the insurance laws of the state.
The bond serves as an assurance to the state that any person who will suffer from the public adjuster’s violation of the rules and regulations of the state will be compensated for the loss or damage.
Who needs the Tennessee Public Adjuster Bond?
A public adjuster is an insurance claim adjuster who advocates for the Policyholder during first party insurance claims. To become a Public Adjuster in Tennessee you must be licensed. The surety bond is one of the licensing requirements.
The applicant must be 18 years of age or older and reside in Tennessee. They must be trustworthy, reliable and of good reputation. In addition, the applicant must pass the public adjuster examination and maintain an office in the state.
Complete the Uniform Application for Business Entity Public Adjuster License. Submit the $100 filing fee.
Where can I obtain a Tennessee Public 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.