Kentucky Public Adjuster Bond

Bond Penalty: $20,000

Pursuant to state law (KY 304.9-430), a Kentucky public adjuster bond is required of all classes of claims adjuster. Kentucky statute defines an adjuster as a person who is paid to investigate or settle claims arising under insurance contracts must be licensed as an adjuster. The Department of Insurance issues the following license types:

  • Independent adjuster - investigates and settles property and casualty claims solely on behalf of the insurers
  • Public adjuster - investigates and settles property and casualty claims solely on behalf of the insured
  • Crop adjuster - investigates and settles crop claims only
  • Workers' compensation adjuster - investigates and settles workers' compensation claims only

State law also contemplates an apprenticeship license class. Per the Department, "In the event the applicant for an adjuster's license meets all other requirements for the license but does not have the experience or training for handling claims, the applicant may be issued a temporary license as an apprentice adjuster without passing the examination. An apprentice adjuster license is only available to those individuals who reside and work in Kentucky."

Section (3.) of the licensing statute addresses the Kentucky adjuster bond. To demonstrate financial responsibility, a person applying for a public adjuster license shall obtain a surety bond prior to issuance of said license and shall maintain the same in full force and effect for the duration of the license. The surety bond must be executed and issued by an insurer authorized to conducted business in Kentucky. The Kentucky public adjuster bond (entitled "Financial Responsibility Surety Bond") must be issued in the minimum amount of twenty thousand dollars ($20,000) and authorize claims by any person in Kentucky who sustains damages as the result of erroneous acts, failure to act, conviction of fraud, or conviction for unfair trade practices of the adjuster in the course of his or her practice.

Kentucky 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 claims 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. A Kentucky public adjuster bond is quick, easy and delivered in hours.

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

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