As of this posting Legislative Bill 743 is coming in to effect and with it the new Nebraska public adjuster bond and licensing requirements. Pursuant to Sec. 2 of the new statute, "The purpose of the Public Adjusters Licensing Act is to govern the qualifications and procedures for licensing public adjusters in this state and to specify the duties of and restrictions on public adjusters, including limitation of such licensure to assisting only insureds with first-party claims." The law defines those activities which only licensed adjusters may perform.
Following other states and the NAIC uniform licensing protocols, a license candidate must make an appropriate application with the Department of Insurance through the NIPR portal. In addition to specific prelicensing education requirements and fees, a Nebraska public adjuster bond must be filed with the Commissioner. The new statute requires "evidence of financial responsibility" in a format prescribed by the director through a surety bond. The surety bond must be issued by an insurer authorized to issue surety bonds, be in the minimum amount of twenty thousand dollars ($20,000), and cannot be terminated unless written notice has been filed Director of Insurance and to the public adjuster at least thirty (30) days prior to cancellation. A licensee must immediately notify the Director the Nebraska public adjuster bond is terminated or otherwise becomes impaired. The authority to act as a public adjuster automatically terminates if the surety bond terminates.
Nebraska 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. An Nebraska 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.