District of Columbia Public Insurance Adjuster Bond

District of Columbia Public Insurance Adjuster Bond

To be eligible for a resident or non-resident public adjuster license in the District of Columbia (otherwise known as Washington, DC), the Department of Insurance, Securities, and Banking requires a $20,000 Public Insurance Adjuster Bond from the applicant.

The Public Insurance Adjuster Bond is provided by Jet Insurance Company to act as a financial assurance to the Department that the public adjuster will comply with all license regulations, as well as contractual obligations. If a license violation is committed (e.g. negligence, fraud, or other dishonest practices), funds from the surety bond may be used as a means of restitution to any party that has suffered from financial damages.

QUOTE

The Public Insurance Adjuster Bond is available for a simple payment of $10 a month!

What Is the Lowest Price for the Public Insurance Adjuster Bond? 

At Jet, the cost of the Public Adjuster Bond is a small percentage of the $20,000 limit and is based on a soft credit check of the applicant. For instance, rates begin at $100 for a one-year bond term or a convenient $10 a month.

Bond TermCost
Monthly$10
1 Year$100
2 Years$175
3 Years$250
DC Public Insurance Adjuster Bond Pricing

According to the Department, public adjuster licenses are issued for two-year terms. With this in mind, Jet also offers the Public Insurance Adjuster Bond at the starting rate of $175 for a two-year bond term.

What Is the Purpose of the District of Columbia Public Insurance Adjuster Bond? 

The Public Insurance Adjuster Bond’s purpose is to provide financial assurance to the District of Columbia Department of Insurance, Securities, and Banking that the public adjuster will uphold all license regulations pursuant to the Code of the District of Columbia, Chapter 16A. If the public adjuster was to commit a license violation such as failing to transfer insurance claim funds to the rightful policyholder, funds from the surety bond may be used to repay the damaged party for any financial losses incurred.

How to Apply for the Public Adjuster Bond With Jet 

The application for the Washington, DC Public Insurance Adjuster Bond may be completed fully online! To begin, some general information is needed such as your contact details and social security number for a soft credit check (this is a standard practice in the surety industry and the Jet team has made sure it will not have an impact on your score). Once the application has been submitted and reviewed, an approved rate will be provided to you by a Jet underwriter that is available for instant purchase.

As soon as payment is fulfilled for the surety bond, a copy of your receipt and bond form will be sent to the email on file. Submitting your bond for filing with the Department will be your next step. Read further below for additional details.

QUOTE

How Does the Public Insurance Adjuster Bond Get Filed to the Washington, DC Department of Insurance, Banking, and Securities?

The original signed and sealed Public Insurance Adjuster Bond form, along with any other licensure paperwork, must be submitted to the District of Columbia Department of Insurance, Securities, and Banking at the following mailing address:

District of Columbia
Department of Insurance, Securities, and Banking
1050 First St., NE, Suite 801
Washington, DC 20002

It is important to note that the Public Insurance Adjuster Bond is not available for renewal. Once your paid-for bond term has ended, the bond will expire. If you wish to maintain/renew your license with the Department, you will be required to purchase and file a new Public Insurance Adjuster Bond with their office. If this occurs, simply return to this webpage or give Jet a call at 855-296-2663, and our team will help you out with your purchase right away!

How to Cancel My Bond

See the details surrounding canceling your bond.

Bond Claim Process

Read here to find out what causes a Public Insurance Adjuster Bond claim and what happens after a claim is made.

District of Columbia Public Insurance Adjuster Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: