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New Mexico Independent Insurance Adjuster

New Mexico Independent Insurance Adjuster

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Who Requires the Independent Insurance Adjuster and Why Is It Needed?

Licensed independent insurance adjusters in New Mexico are required to furnish a $10,000 surety bond to the State of New Mexico, Division of Insurance. The bond is conditioned upon the independent adjuster complying with the applicable provisions of the New Mexico Insurance Code. Furthermore, the surety bond authorizes recovery by the Division of Insurance of damages sustained in situations where the licensee violates the rules, regulations or laws of the state of New Mexico. The aggregate liability to the surety company is limited to the penal sum of the bond and the bond may be cancelled by the surety company with 30 days written notice to the Agent Licensing Bureau of the New Mexico Insurance Division.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your New Mexico Independent Insurance Adjuster. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




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