Virginia Public Adjuster Bond
What is a Virginia Public Adjuster Bond?
A Bond for Public Adjusters (Virginia FORM PA-2) is a type of surety bond required in Virginia to comply with the Code of Virginia (§ 38.2-1845.2 C 3 or § 38.2-1845.5 A 5). Those applying to the State Corporation Commission of the Commonwealth of Virginia for a license to act as a Public Adjuster must furnish a corporate surety bond to the Commonwealth in the penal sum of $50,000. The purpose of the public adjuster surety bond is to ensure the adjuster conducts business under the license in accordance with the laws and regulations of the Commonwealth of Virginia pertaining to Public Adjusters.