A Missouri public adjuster bond is required from both adjusters and adjuster solicitors in this state. Chapter 325 of the Missouri General Statutes regulate insurance claims adjustment, licensing and the state surety bond requirement. Public adjusters represent damaged parties (insureds) and exercise their profession in a position of trust, fiduciary and otherwise. Financial assurance that they will discharge their duties honestly is appropriate.
Per Chapter 325.020, Any person, partnership, association or corporation desiring to be licensed as a public adjuster or public adjuster solicitor shall submit an application therefor to the director upon forms adopted by the director, and shall file corporate surety bond in the amount of ten thousand dollars($10,000) and for each employee engaged as a public adjuster or solicitor a separate corporate public adjuster bond in the amount of one thousand dollars ($1,000). The bonds shall be conditioned upon a satisfactory accounting of any funds received in settlement of losses or claims for holders of insurance policies within the provisions of sections 325.010 to 325.055"
Missouri 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. A Missouri public adjuster bond or Missouri public adjuster solicitor bond is quick, easy and issued within hours.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.