Hawaii Public Adjuster Bond

Bond Penalty: $10,000

Insurance claims adjusters are regulated on the islands by the Department of Commerce and Consumer Affairs. An Hawaii public adjuster bond is one of several requirements that an adjuster must meet in order to operate. Pursuant to the Hawaii Revises Statutes, (431:9-223) (a) Prior to the issuance of a license as a public adjuster, the applicant for such license shall file with the commissioner and shall maintain in force while so licensed, a surety bond in favor of this State (Hawaii). The bond shall be executed by an authorized corporate surety approved by the commissioner, in the amount of $10,000. The bond shall be contingent on the accounting by the adjuster to any insured whose claim the adjuster is handling, for moneys or any settlement received in connection with such claim. The bond may be written without an expiration date and total aggregate liability on the bond may be limited to the payment of $10,000.

Per the Hawaii laws an adjuster is any individual that:

  • Acts solely on behalf of either the insurer or the insured, as an independent contractor or as an employee of an independent contractor; and
  • Investigates for, reports to, or adjusts for the individual's principal relative to claims arising under insurance contracts.

"Public adjuster" is further defined as an adjuster employed by and solely representing the financial interests of the insured named in the policy. There are certain parties that are exempted from licensing, generally employees of insurers and attorneys at law. Information about license classes, initial and renewal applications and the Hawaii public adjuster bond may be reviewed on the Commissioner's website here.

Hawaii surety bond leader, Surety One, Inc. is a specialist in the bonding needs of independent and public adjusters. We offer both the surety and fidelity bonds needed by insurance professionals in all fifty states, Puerto Rico and the U.S. Virgin Islands. Questions about this surety bond? Call us at (800) 373-2804, email us at Underwriting@SuretyOne.com or click here for live chat. An Hawaii public adjuster bond is quick, easy and issued within hours.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.

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