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Insurance Adjuster Bond
Public Insurance Adjuster Bond
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Why is a California Adjuster Bond Required?
The bond ensures that the insurance adjuster fully complies with the provisions of the California Insurance Code, sections 14050 and 14051. The surety bond also requires faithful and honest business conduct by the principal. Any person who may be injured by the willful, malicious, or wrongful act of the bonded principal may bring an action on this bond to recover financial damages incurred.
Adjuster Bonds And Getting Your California Business License/Registration
- Must be 18 years of age or older
- California business address required
- Insurance Adjuster Bond in an amount of $2,000
- Meet the certified experience requirement of 2 years in insurance adjusting field. 2,000 hours of paid time is considered a year of experience
- Pass the California Department of Insurance state licensing exam
- Complete the California Insurance Adjuster License application
- Pay the application fee
- Provide fingerprints
- Submit background check
- Meet continuing education requirements are every two years for license renewal