Texas Public Insurance Adjuster Bond |
AmeriPro Surety Bonds | 844-589-9732
Texas Public Insurance Adjusters
Public insurance adjusters play an important role in insurance.
Besides evaluating the maximum value of a claim, public insurance adjusters also act on behalf of the policyholder.
In Texas, public insurance adjusters are licensed and regulated by the Texas Department of Insurance.
The Department of Insurance, Licensing and Applications Division, the bond’s obligee, has as a prerequisite that insurance adjusters obtain a surety bond.
AmeriPro Surety Bonds provides both the new and renewal insurance adjuster bond.
Texas Public Insurance Adjuster Bond: Amount and Purpose
The Texas public insurance adjuster bond required by the department is for $10,000.
The surety bond acts as a financial guarantee that a licensed insurance adjuster will abide by all rules in statutes in the conduct of their business.
More specifically, the surety bond protects others (the consumer public) – not the insurance adjuster – from acts of theft, fraud, or other criminal activity which an insurance adjuster may commit during the course of their professional activities.
The bond guarantees that a victim may be compensated up to the bond’s face amount; or that more than one victim may have aggregate claim up to the $10,000.00.
Texas Public Insurance Adjuster Bond: Premium
This $10,000 surety bond has an annual of premium beginning at 1% of the bond’s amount, or $100 a year!
The amount any individual applicant will pay may be determined by a credit check.
AmeriPro Surety Bonds will be able to have just about any applicant qualified for the surety bond; however prices may range in a wide range depending on the applicant’s credit score.
Regardless of your credit standing, we encourage you to call us.
Texas Public Insurance Adjuster Bond: Duration
The bond is active for one year after its active date and must be renewed annually.
Becoming A Public Insurance Adjuster in Texas
Texas residents who want to be insurance adjusters must complete the following:
- A familiarity with TAC §19.602 might be helpful, but is not completely necessary;
- Completion of the required pre-licensing training;
- Submission of fingerprinting as part of a background check;
- Completion of an application , along with the $50 application fee. The application may also be completed online;
- The $10,000 Texas public insurance adjuster bond as required and available from AmeriPro Surety Bonds.
AmeriPro Surety Bonds:
AmeriPro Surety Bonds provides all insurance related surety bond throughout Texas and nationwide.
We also provide court, contract, license and permit, and fiduciary surety bonds.
We are your friend and advocate in the surety industry.