Washington DC Public Adjuster Bond
Pursuant to the District of Columbia Department of Insurance, Securities and Banking and DC Code (§31-1631.03), "No person shall, directly or indirectly, act as a public insurance adjuster without first procuring a license from the Commissioner to act as a public insurance adjuster." An applicant will be licensed upon receipt by the Department of a complete application, fee a DC public adjuster bond, evidence that the DC-specific examination has been passed, and proves to the satisfaction of the Commissioner that he or she has sufficient experience, training, and instruction concerning the adjusting of first party claims for damages or losses under insurance contracts that insure the real or personal property of the insured.
Per the Department, at the time of the application for a license, the applicant shall file with the Commissioner a public adjuster bond executed and issued by a surety insurer authorized to transact business in the District in the amount of $20,000, which bond shall serve the faithful performance of his or her duties as a public insurance adjuster. The public adjuster bond must run to the District and shall specifically authorize recovery by the Commissioner of the damages sustained if the licensee is convicted of fraud or unfair practices in connection with his or her business as a public insurance adjuster.
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