How much does a Louisiana Department of Insurance bond cost?
The Louisiana Department of Insurance requires insurance adjusters to post surety bonds in varying amounts prior to conducting business within the state. The required bond is determined by the state and can be in the amount of $50,000, $100,000, $150,000 or $250,000. Applicants should verify their required bond amount with the state prior to bonding.
Because the required amount and, therefore, the price you’ll pay for your Louisiana surety bond can vary so much, our experts recommend submitting a bond request to receive your free, no-obligation bond quote.
|Bond Type||Bond Amount||Cost by Credit Score*|
|680 and up||679 - 600||599 or lower|
|Louisiana Department of Insurance Bond||Varies||Starts at 1%||4-8%||10%+||Apply Now|
Our experts make purchasing the surety bond you need fast and easy. Call 1 (800) 308-4358 or click here to get started!
Why do I need this bond?
Insurance adjuster bonds in Louisiana are put in place to ensure that principals (insurance adjusters) perform all duties according to the provisions of Titles 22 and 23 of the Louisiana Revised Statutes and all other applicable laws. If the principal fails to comply with these terms, the bond protects the state from financial loss up to the full amount of the bond.
Ready to purchase your Louisiana surety bond? Request your free bond quote now!
What’s the fine print?
Louisiana insurance adjuster bonds remain in full force and effect until canceled. The bond can be continued year-to-year by the issuance of a continuation certificate signed and sealed by both the principal and the surety.
These bonds must be acknowledged by a notary public.
How to become an insurance adjuster in Louisiana
In addition to posting a surety bond, applicants in Louisiana must be licensed to legally perform the acts of an insurance adjuster. Business entities acting as public adjusters are also required to obtain a public adjuster license. Before being approved by the commissioner, all parts of the application must be completed and submitted and all fees must be paid. Other important requirements include furnishing a set of fingerprints, submitting to a background check and taking and passing the mandatory examination issued by the commissioner. Applicants are also required to take pre-licensing courses prior to scheduling his or her examination for a license.
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