New Jersey Public Adjuster Bond
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How much does a New Jersey public adjuster bond cost?
The New Jersey public adjuster bond costs $100 annually. You can save money by choosing our multi-year discount to extend your public insurance adjuster bond term during checkout!
How do I get a public adjuster bond in New Jersey?
You can purchase your New Jersey public adjuster bond online 24/7. Simply select your preferred term and provide your public adjuster licensee name and address for Department of Banking and Insurance filing approval. Once your payment is processed, your official New Jersey bond documents will be delivered to your email instantly.
How fast can I get a public adjuster license bond?
SuretyBonds.com offers instant New Jersey public adjuster surety bond delivery 24/7. Purchase now to receive your official public adjuster surety bond delivered in minutes by email.
What is the purpose of a New Jersey public adjuster bond?
New Jersey Revised Statutes 17:22B-12 requires individuals file a $10,000 surety bond before being licensed as public adjusters in New Jersey. The state's official form is titled the “Public Adjuster Bond” and must be maintained for the duration of the public adjuster license. This New Jersey surety bond specifically requires public adjuster licensees (or any sublicensees) conduct their business accordingly to law and also pay all money due to the state as outlined in N.J.S.A. 17:22B-1 et seq. The New Jersey public adjuster bond specifically protects individuals damaged as a result of a willful, malicious, or otherwise wrongful act committed by a public adjuster licensee or sublicensee.
Why is the New Jersey public adjuster bond required?
You must file a New Jersey public adjuster bond before being licensed to work as a public adjuster in the state. By filing this bond, you agree to work as a public adjuster according to New Jersey statutes and also pay all money due to the state according to N.J.S.A. 17:22B-1 et seq. If you fail to do so, your issuing surety insurance company will pay valid claims to harmed individuals up to the full $10,000 bond amount, which you must reimburse.
Who regulates licensing for public adjusters?
The New Jersey Department of Banking and Insurance enforces licensing requirements for public adjusters in the state, including the $10,000 bond amount requirement. You can contact the Producer Licensing Insurance Division by calling 1(609)292-7272 or emailing [email protected].
The New Jersey Department of Banking and Insurance requires this bond for public insurance adjuster licensing. If you work as an insurance adjuster in states other than New Jersey, we also offer insurance adjuster bonds nationwide.
How does the public adjuster bond get filed to the New Jersey Department of Banking and Insurance?
Once you've purchased and received your official New Jersey public adjuster bond, you'll file it along with your public insurance adjuster application packet.
State of New Jersey
Department of Banking and Insurance
PO Box 327
Trenton, New Jersey 08625
How do I update or change my public adjuster bond form?
If the New Jersey Department of Banking and Insurance requires your surety bond documentation to be updated for any reason, contact your surety insurance company. If you purchased your bond from SuretyBonds.com, email [email protected] to explain the needed change. The most common changes requested are updating your personal information to match your public insurance adjuster applicant paperwork.
How do I renew my public adjuster license surety bond?
You must renew your public insurance adjuster surety bond before its current term expires. Once you pay your SuretyBonds.com renewal invoice, renewal instructions will be sent to you for your next insurance adjusters license term.
How do I get a New Jersey public adjuster license?
You'll need to complete the following steps to submit your public adjuster license application in New Jersey.