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Idaho Public Adjuster Bond

What is an Idaho Public Adjuster Bond?

A Public Adjuster Bond is a type of surety bond required by the Idaho Department of Insurance prior to issuance of a Public Adjuster license. The surety bond ensures lawful adherence with all the requirements of the insurance laws of the State of Idaho, and any regulations set forth by the Idaho Department of Insurance. The surety bond is posted to secure performance of the Public Adjuster and is written for the benefit of parties who may be financially damaged by the actions of the Public Adjuster. Any recovery of damages under this bond is authorized by the Department of Insurance as outlined in Idaho Code Section 41-5812. The Public adjuster Bond runs continuously in a bond penalty or coverage of $25,000 until cancelled by the surety company through thirty days advance written notice to the Department of Insurance, State of Idaho.

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