District of Columbia Public Insurance Adjuster Bond
What is a District of Columbia Public Insurance Adjuster Bond?
Those applying for a Public Insurance Adjuster License in the District of Columbia must furnish a surety bond to the District Department of Insurance, Securities and Banking. The penal sum of the bond is typically $20,000. The purpose of the surety bond is to protect the District or any individual who may be damaged financially as a result of the bonded principal's fraudulent or dishonest practices in connection with business transactions as Public Insurance Adjuster during the term of the license.