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Oklahoma Public Adjuster's Bond

What is an Oklahoma Public Adjuster's Bond?

A Public Adjuster's Bond is a surety bond required by the Oklahoma Insurance Commissioner for those licensed to engage in the business of a “Public Adjuster” within the State of Oklahoma, pursuant to the state statutes. The Public Adjuster's Bond is conditioned upon the proper accounting for any insured whose claim is being handled for monies or other settlement received in connection in conjunction with the claim. The surety company is held and firmly bound to the State of Oklahoma for the bond amount in the sum of Twenty-five Thousand and No/100 Dollars ($25,000.00) and may terminate the surety bond with thirty days written notice delivered to the Insurance Commissioner, State of Oklahoma.

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