Iowa Insurance Adjuster Bond Guide
If you are working as an independent or public insurance adjuster in Iowa, you'll need to purchase a surety bond. Read on to learn all about the bonding process.
Bond Overview
- Purpose: To hold insurance adjusters financially liable for dishonest practices
- Who Needs It: All insurance adjusters licensed to work in Iowa
- Regulating Body: The Iowa Insurance Division
- Required Coverage: $50,000
- Premium Rate: $500 for a 1-year term
What Is an Iowa Adjuster Bond?
The Iowa Insurance Division requires all licensed adjusters in the state to file a $50,000 surety bond. This bond ensures insurance adjusters will conduct business according to Iowa Statutes: Chapter 522C.
Note: As of July 1, 2025, the required bond amount is $50,000 for both independent and public adjusters. Formerly, only public adjusters needed a surety bond with $20,000 coverage.
How Much Do Iowa Public Adjuster Bonds Cost?
A $50,000 Iowa public adjuster bond costs a flat rate of $500. Or, you can save 25% by selecting a multi-year term.
Get your bond in minutes — no application or credit check needed!
How Does an Iowa Adjuster Bond Work?
By purchasing this bond, you enter a legally-binding contract between three parties:
- Obligee: The Iowa Insurance Division requiring the bond
- Principal: You, the licensed adjuster filing the bond
- Surety: The entity providing the bond
If an independent or public adjuster violates state regulations, harmed parties can file a claim to recover financial damages.
How Do I Get an Adjuster Bond in Iowa?
To apply for and purchase your Iowa insurance adjuster bond, complete the following steps:
- Buy online through our secure payment portal
- Get your bond instantly by email
- File your bond with the Insurance Division
How to Become an Insurance Adjuster in Iowa
All adjusters must be licensed with the Insurance Division. To become an insurance adjuster in Iowa, follow these basic steps:
- Pass the appropriate licensing exam
- Provide evidence of financial responsibility in the form of a $50,000 surety bond
- Submit your public adjuster checklist and attestation
- Submit your customer contract
- Complete and submit your application through NIPR
You will submit all required forms and attachments through the NIPR online application portal. Licensing requirements may differ based on resident status, so be sure to check with the Iowa Insurance Division.
