How much does a $20,000 North Carolina public adjuster bond cost?
North Carolina public insurance adjuster bonds cost $200—no underwriting required! Simply click Buy Now to purchase your bond safely and securely via our online bond checkout. In just a few minutes you can be on your way to being bonded as a North Carolina public adjuster.
|Bond Type||Bond Amount||Cost|
|$20,000 Public Adjuster Bond||$20,000||$200|
Why do I need this bond?
Public adjusters in North Carolina must post a $20,000 surety bond with the Department of Insurance.
Public adjuster insurance bonds ensure adjusters adhere to all provisions of North Carolina General Statute 58-33A-50. Specifically, this surety bond authorizes recovery by the Commissioner of Insurance of the State of North Carolina on behalf of any person who suffers damages as the result of the adjuster’s erroneous acts, failure to act, conviction of fraud or conviction of unfair practices.
What’s the fine print?
North Carolina public adjuster surety bonds remain in effect during the term of the license. If the surety chooses to terminate the bond early, 30 days’ notice prior to cancellation must be submitted in writing to the commissioner and adjuster.
How to become a public adjuster in North Carolina
Public adjuster applicants in North Carolina must obtain a license before commencing business operations. The following requirements must all be met in order to be considered for licensure:
- Minimum 18 years of age
- Successfully complete Pearson VUE insurance exam (if resident)
- Pay all applicable fees
- Include proof of $20,000 surety bond
- Maintain office in home state of residence
- Furnish complete set of applicant’s fingerprints
Licensees must complete at least 24 hours of continuing education courses to avoid license suspension or revocation, unless exempt.
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