In Missouri a public adjuster or public adjuster solicitor must be licensed and provide a Missouri public adjuster bond. Missouri statute defines “public adjuster” as any person, partnership, association or corporation engaging in the adjustment or settlement of claims for losses or damages arising out of policies of fire or allied lines of insurances, and defines a “public adjuster solicitor” as any person, other than clerical employees, employed by a public adjuster who solicits or aids in securing any contract for adjustment for a public adjuster, or who acts for or with a public adjuster in making settlements or adjustments of claims. The Missouri Department of Insurance regulates both. The Missouri public adjuster bond requirement is $1,000 for resident adjusters employed by a licensed Missouri firm, otherwise the bond must be $10,000. The same bond threshold rule applies to Missouri public adjuster solicitor licenses. The bond guarantees that the adjuster will satisfactorily account for all funds received in settlement losses or claims for holders of insurance policies within the provisions of Section 325.010 to 325.055 of the Missouri statutes. The nation’s surety leader, Surety One, Inc., will issue these for qualified applicants regardless of credit condition in every state where bonding is required of independent adjusters and public adjusters. Visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email Underwriting@SuretyOne.com for a Missouri public adjuster bond application of further information about surety bonds.
