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Minnesota Public Adjuster Bond

What is a Minnesota Public Adjuster Bond?

A Public Adjuster Surety Bond is required by the Minnesota Statutes, Section 72B.04 and managed by the Department of Commerce of the State of Minnesota. The purpose of the surety bond is to secure compliance by principal with terms of state statutes pertaining to public adjusters and to cover other legal obligations related to the principal's professional conduct. This bond is conditioned on proper payment to any person of any amounts received by the principal and protection of any person suffering a financial loss due to fraud, dishonesty, forgery, theft or other violations of legal obligations or professional duties as a public adjuster under Minnesota statutes.

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