Pennsylvania Public Adjuster Bond Overview
- Purpose: To hold public adjusters financially liable for fraudulent or dishonest practices
- Who Needs It: All public insurance adjusters working in Pennsylvania
- Regulating Body: The Pennsylvania Insurance Department
- Bond Amount: $20,000
- Price: $200 for a 1-year term
In Pennsylvania, all public adjusters must file a surety bond. Read on to learn all about the bonding process.
What Is a Pennsylvania Public Adjuster Bond?
If you’re applying for a Pennsylvania public adjuster license, the Insurance Department requires you to file a $20,000 surety bond. This ensures you’ll comply with state standards and financially protects your clients and insurers from unethical practices.
How Much Do Public Adjuster Bonds Cost in Pennsylvania?
Pennsylvania public adjuster bonds cost a flat rate of $200. You’ll pay this upfront for the whole one-year bond term.
Alternatively, you can select a multi-year term at checkout to save 25%. Click below to buy your bond in minutes.
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Pennsylvania Public Adjuster Bond Work?
A Pennsylvania public adjuster bond is a three-party agreement that financially guarantees you’ll uphold state regulations.
| Bond Party | Description |
|---|---|
| Principal | The public adjuster purchasing the bond |
| Obligee | The Pennsylvania Insurance Department requiring the bond |
| Surety | The surety provider issuing the bond |
The Pennsylvania Insurance Department requires this bond for public insurance adjuster licensing. If you work as an insurance adjuster in states other than Pennsylvania, we also offer insurance adjuster bonds nationwide.
Why Do I Need a Public Adjuster Bond?
All public adjusters in Pennsylvania must file a $20,000 surety bond. This bond protects clients and insurers against violations of Pennsylvania’s Public Adjuster Licensing Law, including the following:
- Misrepresenting insurance policy terms, services or fees
- Misusing or withholding client funds
- Blocking communication between the insurer and insured
- Making intentionally false insurance claims
If you commit any of the prohibited acts, harmed parties can file a claim on the bond. The surety will step in and pay valid claims up to the full $20,000 bond amount. However, you must ultimately refund the surety.
How Do I Get a Public Adjuster Bond in Pennsylvania?
With SuretyBonds.com, you can purchase your Pennsylvania public adjuster bond online 24/7.
Simply enter your name and address into our secure online portal. Then, we’ll email your bond directly to you.
Be sure to sign and file the official bond form with the Pennsylvania Insurance Department as instructed.
How Fast Can I Get My Bond?
This bond is available for instant purchase, meaning you’ll receive your bond form just minutes after payment.
If you don’t receive an email within 5–10 minutes after purchase, please check your spam/junk folder.
Can I Get Bonded With Bad Credit?
Yes, this bond doesn’t require a credit check! Everyone is eligible for the same flat rate.
How Do I Renew My Bond?
Pennsylvania public adjuster bonds expire annually. To renew, simply pay the invoice when prompted. We’ll begin reminding you by phone and email 90 days before the expiration date.
Can I Make Changes to My Bond?
Yes, you can often make small updates to an existing bond form. If you need to alter your bond, contact your surety company explaining the needed change.
If you purchased your bond from us, email [email protected] with the updated information.
What If I’m Already Licensed in Another State?
Pennsylvania offers license reciprocity, meaning you may be eligible for an exam waiver if your home state qualifies.
However, you’ll still need to file a Pennsylvania public adjuster bond, even if you’re already bonded in another state.
How to Become a Public Adjuster in Pennsylvania
The Pennsylvania Insurance Department requires all resident and nonresident public adjusters to apply for a license. Follow these steps to become a public adjuster:
- Register Your Business: All residents need to register with the Department of State. Nonresidents will receive separate instructions after applying.
- Pass an Exam: Register for the PSI public adjuster exam and pay the $43 fee. You must pass with a score of 70%.
- Purchase a Surety Bond: Purchase the required $20,000 surety bond.
- Apply Online: Apply via Sircon or NIPR. You can monitor your application status directly on your account.
- Submit Fingerprints: Lastly, register for a fingerprinting session at an IdentoGO enrollment center and pay the $26.20 fee.
Once approved, you can print your license for free.
