Iowa Public Adjuster Bond
What is an Iowa Public Adjuster Bond?
A Public Adjuster Bond is required by licensed Iowa public adjusters pursuant to Iowa Administrative Code § 191-55.10(1). The bond protects anyone or any entity who suffers financially as a result of erroneous acts, failure to act, fraud, or unfair practices by the bonded principal as a licensed public adjuster in the state of Iowa. This surety bond may be cancelled upon thirty (30) days prior written notice to the Iowa Insurance Division
Public Adjuster Bonds And Getting Your Iowa Business License/Registration
Those individuals who want to become either a resident or non-resident public adjuster in the state of Iowa need to apply for a license through the National Insurance Producer Registry (NIPR) online system. Licensed resident public adjusters must also pass the state of Iowa's licensing examination. Pearson Vue should be contacted at 877-540-5825 to register for the examination. Exam test results will be electronically submitted to the NIPR online system and the results are valid for 90 days. Evidence or financial responsibility such as posting a surety bond is required as part of the application process. More information can be found on the licensing process by reviewing the Iowa Insurance Division public adjuster administrative rules in Iowa Administrative Code chapter 55.