Missouri Public Adjuster Bond Guide
If you are applying for a public insurance adjuster license in Missouri or are employed by a public adjuster, you'll need to purchase a surety bond. Read on to learn all about the bonding process.
Bond Overview
- Purpose: To hold public adjusters financially liable for fraudulent or dishonest practices
- Who Needs It: All public insurance adjusters working in Missouri
- Regulating Body: The Missouri Department of Insurance
- Required Coverage: $1,000 for solicitors or $10,000 for licensed adjusters
- Premium Rate: $50 flat rate for both bond amounts
What Is a Missouri Public Adjuster Bond?
The Missouri Department of Insurance requires a $1,000 surety bond for public adjuster solicitors and a $10,000 bond for licensed public adjusters. These bonds ensure public adjusters and solicitors are held liable for following industry regulations.
- Licensed Public Adjuster: Any persons, partnership, association or corporation intending to be licensed
- Public Adjuster Solicitor: Any individual employee of a licensed public adjuster
How Much Do Public Adjuster Bonds Cost?
You can buy a $1,000 or $10,000 public adjuster bond instantly online for $50. Or, you can save up to 25% by selecting a multi-year term. Get your bond in minutes — no application or credit-check needed!
How Does a Missouri Public Adjuster Bond Work?
By purchasing this bond, you enter a legally-binding contract between three parties:
- Obligee: The Missouri Department of Insurance
- Principal: You, the licensed public adjuster or public adjuster solicitor
- Surety: The entity providing the bond
If a public adjuster is guilty of fraudulent or prohibited practices according to Chapter 325 of the Missouri Revised Statutes, a claim can be made to recover damages.
How Do I Get a Public Adjuster Bond in Missouri?
To apply for and purchase your Missouri public adjuster bond, complete the following steps:
- Buy online through our secure payment portal
- Get your bond instantly by email
- File your bond with the Department of Insurance
How to Become a Public Adjuster in Missouri
To become a public adjuster in Missouri, follow these basic steps:
- Pass the state examination
- Submit your surety bond in the proper amount
- Complete and submit the proper application form
- Pay the $100 application fee
Licensing requirements may differ based on resident status. Non-residents may have additional requirements, so be sure to check with the Missouri Department of Insurance. For more detailed information, refer to the resources listed below.
More Resources
- Missouri Department of Commerce and Insurance: Public Adjuster Bond Form
- Missouri Department of Insurance: Public Adjuster Forms
- Missouri Revised Statutes Chapter 325: Public Adjusters and Adjuster Solicitors
- Application/Renewal for Public Adjuster Solicitor Form
- Application/Renewal for Public Adjuster Form
