What is a New York Public Adjuster Bond?
The State of New York requires an Adjuster's Bond for public adjusters and all sublicensees to ensure faithful performance of their duties. The bond provides a guarantee to the benefit of the state or individuals who are harmed financially as a result of the adjuster's fraudulent or dishonest practices.
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$1,000 Bond
Expires 12/31 in Even-numbered Years
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Why is a New York Adjuster Bond Required?
Recovery of the penal sum of this bond by the people of New York is available in the event that principal is guilty of fraudulent or dishonest practices in connection with the transactions of his or her business as Public Adjuster.
This coverage extends for the license period and term for which this surety bond is issued. Additionally, if convicted under any of the Sections contained in Article 150 of the New York Penal Law for an offense or offenses committed during such license period such principal will have violated terms of the surety bond.
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