The Department of Insurance manages the licensure and regulation of public adjusters and independent adjusters within the State of Kentucky (this includes resident and non-resident applicants/licensees).
To receive and maintain a license, the Department may require proof of a surety bond—either a $20,000 Public Adjuster Bond or a $1,000 Non-Resident Adjuster Bond.
Purchase a Public or Independent Adjuster Bond for as little as $10 a month!
Jet Insurance Company provides both the Public Adjuster Bond and the Non-Resident Independent Adjuster Bond to act as a means of restitution to any party that the licensee has been financially damaged due to acts of negligence, unethical conduct, and/or fraud.
At Jet, prices for the $20,000 Public Adjuster Bond are a small percentage of the bond’s limit and are based on a soft credit check of the applicant. For instance, the bond may be purchased at $100 for a one-year bond term or a convenient $10 a month.
Our team also offers multi-year payment plans. Take a look at the price chart below for further details.
As for the $1,000 Non-Resident Adjuster Bond, prices also start at $100 for a one-year bond term or a simple payment of $10 a month. Additional payment plans may be viewed in the price chart below.
To get started with purchasing either surety bond, all you need to do is select the “Quote” button at the top of the page!
The Kentucky Department of Insurance manages and regulates the insurance industry, which includes the licensing of resident/non-resident public adjusters and independent adjusters.
Once licensed, all applicable regulations pursuant to Subtitle 9 of the Kentucky Revised Statutes must be upheld. If the licensee commits an erroneous act or unlawful business practice (e.g. negligence, fraud, or breach of contract), funds from the appropriate surety bond (either the Public Adjuster Bond or the Non-Resident Independent Adjuster Bond) may be forfeited over to the financially damaged party in question.
The application for either surety bond may be completed fully online! To begin, some general information is required such as your contact details and social security number for a soft credit check (this process will not impact your current credit score so no need to worry). Once the application has been submitted, Jet will present you with approved rate options that are available for immediate purchase.
As soon as you have purchased your surety bond, Jet will send you a copy of your receipt and bond form via email. You’ll later receive a sealed original of the bond form in the mail for your personal records.
According to the Kentucky Department of Insurance, there is no need to physically file either the Public Adjuster Bond form or the Non-Resident Adjuster Bond form with their office. However, you must keep the original signed and sealed bond form on hand—the Commissioner may request a copy of such at any time.
In addition, you may be required to submit proof of your bond via the NIPR Online System when initially applying for or renewing your license. For further details on the application process, take a look at the Department’s Licensees webpage.
If you have any questions or need to get in touch with the Department, the Division of Agent Licensing’s mailing address and contact information has been provided below by the Jet team for your convenience.