Texas Public Insurance Adjuster Bond Overview
- Purpose: To provide financial security if a public adjuster breaks licensing rules
- Who Needs It: All public insurance adjusters working in Texas
- Regulating Body: The Texas Department of Insurance
- Bond Amount: $10,000
- Minimum Price: $100 for a 1-year term
If you’re registering to become an insurance adjuster in Texas, you’ll need a $10,000 bond. Continue reading to learn the ins and outs of the bonding process.
What Is a Texas Public Insurance Adjuster Bond?
A Texas insurance adjuster bond is a form of financial security to protect clients if a public adjuster breaks state regulations. It provides a means of financial recourse for harmed parties if an adjuster is fraudulent or dishonest.
Who Needs a Public Insurance Adjuster Bond?
Anyone who is required to get a public insurance adjuster license in Texas needs this bond unless they fall into one of these exempt groups:
- Attorneys licensed to practice law in Texas
- Licensed general property and casualty agents acting on behalf of a client
- Licensed personal lines property and casualty insurance agents acting on behalf of a client
How Much Do Public Insurance Adjuster Bonds Cost?
The state-required $10,000 Texas public insurance surety bond costs a flat rate of $100 for a 1-year term. Or, you can save 25% and time on renewals by selecting a two-year or three-year term.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Texas Public Insurance Adjuster Bond Work?
When you sign and file a public adjuster bond, you enter a legal contract between three parties: principal (you), obligee, and surety.
| Bond Party | Description |
|---|---|
| 1) Principal | The bonded public adjuster |
| 2) Obligee | The Texas Department of Insurance |
| 3) Surety | The issuing surety provider |
Under the bond contract, you are responsible for following the code of ethics as outlined in Texas Insurance Code.
The Texas DOI requires this bond for public insurance adjuster licensing. The Texas DOI also enforces separate Texas insurance agency bond and Texas title insurance agent/direct operation bond requirements.
How Do I Get a Public Insurance Adjuster Bond in Texas?
You can purchase your Texas public adjuster bond online 24/7. You'll just need to provide your name and address for Department of Insurance filing approval.
After you checkout, you’ll receive your official bond via email within minutes. Please check your spam folder if the email is not visible within 15 minutes.
Can I Get Bonded With Bad Credit?
Yes, Texas insurance adjuster bonds are available to anyone with no credit review. The $100 flat rate applies to all public adjusters.
How Do I Renew My Public Insurance Adjuster Bond?
Texas insurance adjuster bonds last for a one-year term. You can continue renewing your bond each year that you wish to maintain your professional license.
The SuretyBonds.com team will give you email and text updates when your expiration date is getting close. All you need to do is pay the renewal invoice and your coverage will stay active as long as there are no bond claims.
How Do I Update My Bond Information?
If you need to update basic information, like the last name or address on the bond, you can typically request a free surety bond rider.
This is a document that you submit on top of your existing surety bond to amend the original information. Please call or email our team for assistance.
How to Become a Public Insurance Adjuster in Texas
If you’re applying for a public adjuster license for the first time, you’ll need to pass the state exam, submit fingerprints, buy a $10,000 surety bond, and apply online through Sircon.
Afterwards, you’ll need to complete 24 hours of continuing education every 2 years, plus maintain an active surety bond.
Learn more on how to get a Texas public insurance adjuster license in our-step-by-step guide.
Who Regulates Public Insurance Adjusters in Texas?
The Texas Department of Insurance Agent and Adjuster Licensing Office enforces licensing requirements for public insurance adjusters working in the state.
To contact the DOI Agent & Adjuster Licensing Office, call 1(512)676-6500 or email [email protected].
