North Carolina Public Adjuster Bond

Applicants for licensing in this state must file a North Carolina public adjuster bond with the NC Department of Insurance. A public adjuster is a professional insurance claims handler however unlike an independent adjuster he or she acts as an advocate of policyholders rather than the carriers that ensure them. According to Wikipedia, a public adjuster's general responsibilities are but are not necessarily limited to:

• Evaluate existing insurance policies in order to determine what coverage might be available to an insured
• Research, detail, and substantiate damage to proerty and contents and any additional expenses
• Evaluate business interruption losses and extra expense claims for businesses
• Determine the settlement value of covered damages
• Prepare, document and support the claim on behalf of the insured
• Negotiate a settlement with the claimant's carrier on behalf of an insured
• Re-open a claim and negotiate for more money if a discrepancy is found after claim settlement

Given the many ways that an adjuster can engage in unethical conduct or divert third party funds to personal ends, most states strongly regulate the profession. The states that have adopted the National Association of Insurance Commissioners model rules for public adjusters largely require surety bonding as part of license approval. A North Carolina public adjuster bond is a simple code compliance obligation. The surety bond guarantees that the adjuster will indemnify "any person in the state who sustained damages as the result of erroneous acts, failure to act, conviction of fraud, or conviction of unfair practices in his or her capacity as a public adjuster."

North Carolina surety bond leader, SuretyOne.com is a specialist in the bonding needs of the insurance sector. We offer both surety and fidelity bonds needed by 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 North Carolina public adjuster bond is quick, easy and issued same-day.

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

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Obligee's Bond Form