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Delaware Public Adjuster Bond

What is a Delaware Public Adjuster Bond?

A Public Adjuster Bond is a type of surety bond required in Delaware at the time of the application for a license as a public adjuster in the state. The surety bond is filed with the Delaware Commissioner of Insurance typically in the coverage amount of $20,000. The bond is written in favor of the state of Delaware and authorizes recovery by the Commissioner of the damages sustained if the licensed adjuster is convicted of fraud or unfair practices in conducting business as a public adjuster. The Public Adjuster Bond ensures the faithful performance of duties as a public insurance adjuster and the public adjuster license will automatically terminate when the bond is not in force.

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