To perform services as a public adjuster (individual or business entity) in the State of Louisiana, an approved license and a $50,000 Public Adjuster Bond are required by the Department of Insurance, Division of Producer Licensing.
Jet Insurance Company provides the Public Adjuster Bond to act as a financial assurance to the Department that the public adjuster will comply with state license regulations. If the licensee behaves dishonestly or conducts fraudulent actions, funds from the bond may be used to recompense any damaged party for their unjust losses.
You can purchase the Louisiana Public Adjuster Bond with a simple payment of $20 a month!
At Jet, rates for the Public Adjuster Bond are a small fraction of the required $50,000 limit and are based on a soft credit check of the applicant (public adjuster licensee). For example, prices start at just $200 for a one-year bond term, or as mentioned above, a convenient $20 a month.
In addition, Jet offers multi-year bond terms to customers. For an idea of what starting rates look like, view the price chart below.
To get started with your purchase, select the “View Your Bond Price” button at the top of the page.
Public adjusters, whether they are licensed as an individual or business entity with the Louisiana Department of Insurance, are in charge of assisting policyholders with insurance claims. Services may include preparing and completing paperwork, filing a claim on behalf of a claimant, and/or negotiating the settlement of a claim. Due to the complicated process of insurance claims, public adjusters are expected to follow all license regulations pursuant to Title 22, Section 1691 of the Louisiana Revised Statutes, as well as fulfill the obligations of their consumer contracts.
To ensure that rules are followed and customers receive fair treatment, the Department requires licensees to obtain a $50,000 Public Adjuster Bond. The purpose of such a bond is to financially protect Louisiana residents from wrongful financial damages. This may occur if the public adjuster commits a license violation such as negligent behavior, deceitful/unethical business practices, a breach of contract, and/or fraud.
Application is available online or you can give our team a call at 855-296-2663. To begin, some general information will be needed such as your contact details and social security number. No need to worry about that last part though—Jet only runs a soft credit check so it won’t have an impact on your score.
Once your application has been reviewed, a Jet underwriter will send you approved rate options that are available for immediate purchase. Simply choose the best payment plan for you and complete the purchase. You’ll receive a copy of your receipt and bond form as soon as this last step has been fulfilled.
The Jet team can take care of filing your bond form for you at no extra cost! If you would prefer to handle the filing process yourself, the option to do so is available at check out.
The original signed and sealed Public Adjuster Bond form, along with any other required licensure paperwork, must be submitted to the Louisiana Department of Insurance at the following mailing address:
Louisiana Department of Insurance
Division of Producer Licensing
PO Box 94214
Baton Rouge, LA 70804
Jet has provided both the Application for Individual Public Adjuster License and the Application for Business Entity Public Adjuster License for your convenience.