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Colorado Public Adjuster Bonds

What is a Colorado Public Adjuster Bond?

The Public Adjuster Surety Bond is mandated by Colorado Revised Statutes and secures the compliance of the bonded principal with the requirements of the state statutes and regulations pertaining to public adjusters. The bond amount or penal sum is typically $20,000 and the aggregate liability to the surety company and the principal is limited to the this amount. This surety bond authorizes the Colorado Commissioner of Insurance to recover restitution against this surety bond for any individual suffering financial damages resulting from the principal's erroneous acts, failure to act, conviction of fraud, or conviction of unfair practices in the capacity as a public adjuster.

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