Delaware Public Adjuster Bond Guide
If you are working as a public insurance adjuster in Delaware, you'll need to purchase a surety bond. Read on to learn all about the bonding process.
Bond Overview
- Purpose: To hold public adjusters financially liable for fraudulent or dishonest practices
- Who Needs It: All public insurance adjusters working in Delaware
- Regulating Body: The Delaware Department of Insurance
- Required Amount: $20,000
- Premium Rate: $200 for a 1-year term
What Is a Delaware Public Adjuster Bond?
The Delaware Department of Insurance requires all public adjusters in the state to file a $20,000 public adjuster bond. This bond ensures public adjusters follow rules and regulations on handling funds associated with insurance claims and settlements.
How Much Do Delaware Public Adjuster Bonds Cost?
You can buy a $20,000 Delaware public adjuster bond instantly online for $200. Or, a 25% discount is available for subsequent years if you purchase multiple years of coverage.
Get your bond in minutes — no application or credit check needed!
How Does a Delaware Public Adjuster Bond Work?
By purchasing this bond, you enter a legally-binding contract between three parties:
- Obligee: The Delaware Department of Insurance requiring the bond
- Principal: The public adjuster purchasing the bond
- Surety: The entity providing the bond
If a public adjuster is found guilty of fraud or unfair business practices, harmed parties can file claims to recover damages up to $20,000.
How Do I Get a Public Adjuster Bond in Delaware?
To apply for and purchase your Delaware public adjuster bond, complete the following steps:
- Buy online through our secure payment portal
- Get your bond instantly by email
- File your bond with the Delaware Department of Insurance
How to Become a Public Adjuster in Delaware
All public adjusters must be licensed with the Delaware Department of Insurance. To become a public adjuster in Delaware, follow these basic steps:
- Complete the pre-exam education
- Pass the Pearson VUE adjuster exam
- File a $20,000 surety bond with the Commissioner
- Submit fingerprints and undergo a background check
- Pay the $100 online application fee and $5.60 NIPR processing fee
- Apply online through the NIPR (National Insurance Producer Registry)
You'll need to complete 12 hours of continuing education and renew your license every two years. For more detailed information, refer to the resources below.
