Public adjusters in Oklahoma are licensed by the state’s Department of Insurance (OID). The Oklahoma public adjuster bond amount currently required by the Department is a $25,000 surety bond
You are automatically approved for the Oklahoma public adjuster bond upon completion of an application and payment of the $250 premium. This is because there is neither a credit check nor an underwriter review for this bond.
Both the surety bond application and corresponding payment can be taken from you over the phone. Once the payment has been received, the bond is issued to you immediately.
At your request, a copy of the surety bond can be emailed to you; however, it is the original surety bond --- which bears our wet signature --- and which you will also need to sign as Principal --- that you will file with the OID.
At $250 premium, the Oklahoma public adjuster bond is issued for a standard one year term. Thereafter the bond is renewed.
You also have the option to prepay your public adjuster surety bond for up to 3 years. Prepayment gives you two advantages: it lengthens the times between renewals, and it offers you a savings over year to year renewal of your bond and the premium.
The breakdown – and the savings – are as follows:
As a licensee of the OID, your public adjuster surety bond serves as a financial guarantee that you will be in compliance with all Oklahoma laws, statutes, regulations, and any amendments to public adjusting.
The surety bond protects the Oklahoma consumer from the mishandling of any money or any other settlement received in connection with a claim.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Oklahoma. Our agency also provides surety bonds nationwide.
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