Louisiana Public Adjuster Bond Overview
- Purpose: To ensure public insurance adjusters follow regulations and conduct business ethically
- Who Needs It: All licensed public insurance adjusters in Louisiana
- Regulating Body: The Louisiana Department of Insurance
- Required Coverage: $50,000
- Premium Rate: $500 for a 1-year term
If you are working as a public insurance adjuster in Louisiana, you'll need to purchase a surety bond. Read on to learn all about the bonding process.
What Is a Louisiana Public Adjuster Bond?
The Louisiana Department of Insurance requires all licensed public adjusters to file a $50,000 surety bond. This bond ensures insurance adjusters abide by Louisiana law and protects claimants from unethical or fraudulent business practice.
How Much Do Public Adjuster Bonds Cost in Louisiana?
A $50,000 Louisiana public adjuster bond costs $500 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 a Louisiana Public Adjuster Bond Work?
By purchasing this bond, you enter a legal agreement between three parties:
| Bond Party | Description |
|---|---|
| 1. Principal | You, the licensed public adjuster |
| 2. Obligee | The Department of Insurance |
| 3. Surety | The issuing surety provider |
If the public adjuster is guilty of illegal business practices or breaks the contract in any other ways, a claim can be filed and the surety will pay harmed parties. You are then expected to reimburse the surety for recovered damages.
If you work as an insurance adjuster in states other than Louisiana, we also offer insurance adjuster bonds nationwide.
How Do I Get a Public Adjuster Bond in Louisiana?
You can purchase your Louisiana public adjuster bond today by completing the following steps:
- Buy online through the secure payment portal
- Get your physical bond in the mail
- File your bond with the DOI at the address below
Louisiana Department of Insurance, P.O. Box 94214, Baton Rouge, LA 70802
When submitting your bond application, prepare to include the following information:
- The county where your business is located
- Your NAIC number, if available
How Fast Can I Get My Bond?
Louisiana public adjuster bonds are issued instantly online. However, Louisiana requires the physical bond to be filed with the Department of Insurance.
SuretyBonds.com offers three-day, two-day or overnight shipping at checkout (business days only). Shipping costs $20–$40 based on your selection.
Can I Get Bonded With Bad Credit?
Yes, Louisiana public adjuster bonds are issued without surety underwriting, meaning there is no credit check. So, your personal credit score does not impact your ability to get this bond.
How Do I Renew My Public Adjuster Bond?
Louisiana public adjuster bonds expire annually unless you select a multi-year rate. A SuretyBonds.com representative will contact you to collect your renewal premium payment before your bond expires.
How Do I Update My Bond Information?
If you need to update simple information on your bond, it can be done through a bond rider form. Contact our support team by calling 1 (800) 308-4358 or emailing [email protected] if you wish to update your bond.
How to Get a Public Adjuster License in Louisiana
To become a public adjuster in Louisiana, complete the following steps:
- Submit license application via NIPR
- Pay the $75 application fee and processing fee
- Schedule your exam via PSI
- Pass the licensing exam
- Get fingerprinted via IdentoGo
- Purchase a $50,000 surety bond
- File the original bond with the DOI
You can’t schedule an exam until your application is officially filed through the National Insurance Producer Registry (NIPR). Additionally, the DOI will not issue your license until receiving the official bond form.
For a more detailed guide, read How to Get a Louisiana Public Adjuster License.
More Resources
- Public Adjuster Bonds
- Fingerprinting Requirements for Resident Producers and Adjusters
- Producer and Adjuster License Application Information Applications
- NIPR State Requirements & Fees: Non-Resident Individual Licensing
- NIPR State Requirements & Fees: Resident Individual Licensing
- Individual Insurance Producer, Consultant, Public or Claims Adjuster License Application PDF
