How much does a $50,000 public adjuster bond cost in Louisiana?
Louisiana public adjuster surety bonds cost $500—no underwriting required. Simply click Buy Now to visit our secure bond checkout to purchase your bond online today. In just a few minutes you can be on your way to being bonded as a public adjuster in Louisiana.
|Bond Type||Bond Amount||Cost|
|$50,000 Public Adjuster Bond||$50,000||$500|
Why do I need this bond?
The Louisiana Department of Insurance requires those wishing to become a public adjuster to obtain a $50,000 surety bond.
Louisiana public adjuster bonds ensure a public adjuster serves with objectivity and complete loyalty to the interest of his or her client and to render to the insured such information and service, as within the knowledge, understanding, and good faith of the licensee under Louisiana Statutes, Title 22. If the adjuster fails to comply with these terms and a claim against him or her is proven in court, the surety will cover resulting damages up to the full penal sum of the bond. The adjuster, in turn, must reimburse the surety provider.
What’s the fine print?
Public adjuster bonds in Louisiana remain in full force for one year and must be renewed annually. Upon renewal, the surety will provide a continuation certificate, which must then be submitted to the Department.
How to become a public adjuster in Louisiana
In addition to obtaining a surety bond in Louisiana, an applicant must complete an application online with the National Insurance Producer Registry. Additional requirements to be completed by the applicant include passing the licensing examination, paying the $15 examination fee, and submitting to fingerprinting.
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