Indiana Public Adjuster Bond Overview
- Purpose: To protect insurance claimants from illegal, unethical or dishonest practices
- Who Needs It: All licensed public adjusters in Indiana
- Regulating Body: The Indiana Department of Insurance
- Required Coverage: $10,000
- Premium Rate: $100 for a 1-year term
If you are working as a public insurance adjuster in Indiana, you'll need to purchase a surety bond. Read on to learn all about the bonding process.
What Is an Indiana Public Adjuster Bond?
The Indiana Department of Insurance requires all public adjusters to file a $10,000 public adjuster bond. This ensures that insurance adjusters follow state laws and protects claimants from unethical business practices.
How Much Do Public Adjuster Bonds Cost in Indiana?
A $10,000 Indiana public adjuster bond costs $100 for a 1-year term. Or, you can save up to 25% by selecting a multi-year term.
Get your bond today in minutes!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does an Indiana Public Adjuster Bond Work?
By purchasing an Indiana public adjuster bond, you enter a legally-binding contract between three parties.
| Bond Party | Description |
|---|---|
| 1. Principal | You, the licensed public adjuster |
| 2. Obligee | The Indiana Department of Insurance |
| 3. | The issuing surety provider |
If a public adjuster breaks the contract or conducts business fraudulently, a claim can be made to recover damages. This includes:
- Engaging in fraud or deception
- Using misleading advertising
- Continuing to practice after being deemed unfit
- Violating any other license rules
How Do I Get a Public Adjuster Bond in Indiana?
To get bonded as a public adjuster in Indiana, complete the following steps:
- Buy online through the secure payment portal
- Receive your bond via email in minutes
- File your bond with the Department of Insurance via Sircon
If you don’t receive your bond within 5–10 minutes of purchasing, please check your spam/junk folder.
How Fast Can I Get My Bond?
SuretyBonds.com offers instant Indiana public adjuster bond delivery 24/7. Buy yours today to receive your public adjuster bond via email in minutes.
How Do I File My Bond?
The Indiana Department of Insurance requires public adjuster license applicants to submit the surety bond through the NIPR Warehouse at the time of applying.
Can I Get Bonded With Bad Credit?
Yes, Indiana public adjuster bonds are issued without underwriting. This means there is no credit check and your personal credit score does not impact your ability to get this bond.
How Do I Renew My Public Adjuster Bond?
Indiana public adjuster licenses are valid for one year and expire on December 31st of each year. If you apply on or after October 1st, your license will not expire until the following year.
If you maintain your public adjuster license for multiple years, you’ll need to renew your bond. A SuretyBonds.com representative will contact you during the renewal period. Refer to our Surety Bond Renewal Guide for more information.
How Do I Update My Bond Information?
You can often update simple information on your bond through a bond rider. This is the only legal method of updating without invalidating the original bond.
If you need to update any bond information, contact our support team by calling 1 (800) 308-4358 or emailing [email protected]. Read our Understanding Bond Riders Guide to learn more.
How to Become a Public Adjuster in Indiana
To qualify for an Indiana public adjuster license, you must meet the following eligibility requirements:
- Be at least 18 years old
- Be an Indiana resident
- Have no record of an act that is grounds for denial, suspension or revocation of a license
If you meet those criteria, follow these basic steps to become a public adjuster in Indiana:
- Email [email protected] requesting a certificate to take exam
- Schedule an exam via Pearson VUE
- Pass the written exam
- Submit application forms in Sircon
- Purchase a $10,000 surety bond
- Pay the $50 license fee and processing fee
Read our guide, How To Get a Public Adjuster License in Indiana, for more step-by-step details.
More Resources
- Public Adjuster Bonds - All States
- How To Get a Public Adjuster License in Indiana
- IDOI: Contracts Duties and Responsibilities of Independent and Public Adjusters
- IDOI: Persons Exempt From Holding an Independent or Public Adjuster License
- IDOI: Resident Adjuster Licensing Requirements
- Indiana General Assembly: Public Adjuster, IC 27-1-27
