How much does a public adjuster bond cost in Georgia?
The Georgia Commissioner of Insurance requires public adjusters to post $5,000 surety bonds in order to work legally within the state of Georgia.
SuretyBonds.com issues these bonds instantly for just $100. Simply click Buy Now to get your Georgia public adjuster bond directly through our site using our secure online bond checkout. In just a few minutes you can be on your way to being bonded as a public adjuster in Georgia.
|Bond Type||Bond Amount||Cost|
|$5,000 Public Adjuster Bond||$5,000||$100|
Why do I need this bond?
By purchasing a public adjuster bond in Georgia, the principal (public adjuster) is held accountable to any insured party whose claim he/she is handling, as provided in Section 33-23-6 of the Georgia Insurance Code annotated and in 120-2-3-.18 of the Georgia Insurance Department Rules and Regulations.
If the principal violates the terms of his or her bond agreement, the surety will compensate harmed parties for damages suffered up to the full amount of the bond, at which point the principal must reimburse the surety for any money paid out in a claim.
What’s the fine print?
Public adjuster bonds in Georgia remain in full force and effect until canceled or claimed against. However, the surety may cancel the bond at any time by giving written notice to the Commissioner of Insurance via registered mail with the cancellation’s effective date. Notice must be sent at least 60 days prior to the effective date of cancellation.
How to become a public adjuster in Georgia
Applicants wishing to become licensed as a public adjusters in Georgia must complete all required steps of the licensing process to be considered:
- Complete a 40-hour property casualty pre-licensing course
- Obtain a passing score on the Public Adjuster examination
- Submit a GID-103 form
- Post $5,000 surety bond
- Pay $115 licensing fee
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