Mississippi Public Adjuster Bond

Mississippi Public Adjuster Bond

Public adjusters (individual agents and business entities) are required by the Mississippi Department of Insurance to acquire a license and a $50,000 Public Adjuster Bond before the performance of insurance services may begin within the state.

If the public adjuster commits a license violation that leads to wrongful financial damages to a policyholder/insured customer, the Public Adjuster Bond provided by Jet Insurance Company may act as a means of restitution. The Department simply requires this assurance before a license may be issued.

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The Public Adjuster Bond is available for as little as $20 a month!

What Is the Lowest Price for the Public Adjuster Bond?

At Jet, the cost of the Mississippi Public Adjuster Bond is a small percentage of the $50,000 limit and is based on a soft credit check of the applicant. For instance, rates start at either $200 for a one-year bond term or a simple payment of $20 a month.

In addition, Jet offers multi-year bond terms—check out the price chart below for further details.

Bond TermCost
Monthly$20
1 Year$200
2 Years$350
3 Years$500
MS Public Adjuster Bond Pricing

According to the Department of Insurance, public adjuster licenses must be renewed after a two-year period. Because of this, Jet provides the Public Adjuster Bond to all applicants at a convenient two-year bond term.

What Is the Purpose of the Mississippi Public Adjuster Bond?

The Mississippi Department of Insurance is in charge of managing and regulating the insurance industry—duties include overseeing the licensing of insurance agents and business entities, enforcing state regulations, and protecting consumers from unlawful or unethical business practices.

Once licensed, public adjusters are expected to comply with all license requirements pursuant to Title 83, Chapter 17, Article 11 of the Mississippi Insurance Code. The enforcement of the Public Adjuster Bond is one of the tools that the Department uses to ensure that license regulations are followed and customer contracts are upheld. For instance, if the public adjuster was to commit a violation such as failing to transfer a claim settlement to a policyholder within a certain time period or in its entirety, funds from the surety bond may be used as compensation for the financially damaged party.

How to Apply for the Public Adjuster Bond With Jet

The application for the Mississippi Public 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.

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As soon as payment is fulfilled, a copy of your receipt and bond form will be sent to the email on file. Submitting your bond for official filing with the Department of Insurance will be your next step. Read below for further details on how Jet can help you with this process.

How Does the Public Adjuster Bond Get Filed to the Mississippi Department of Insurance?

The Jet team can file your bond for you at no extra cost! However, if you would prefer to take care of this step yourself, the option to do so may be selected at check out. The choice is yours.

Either way, the original signed and sealed Public Adjuster Bond, along with any other required licensure paperwork, must be submitted to the Mississippi Department of Insurance at the mailing address listed below (contact details are also included).

Mississippi Department of Insurance
PO Box 79
Jackson, MS 39205
601-359-3582

Initial and renewal license applications, as well as other required documents, can be found on the Department’s Adjuster Licensing webpage.

How to Renew My Bond

For annually-purchased bonds, see Jet’s process to renew your bond. Hint- it’s simple.

How to Cancel My Bond

See the details surrounding canceling your bond.

Bond Claim Process

Read here to discover what can cause a claim on a Public Adjuster Bond.

Mississippi Public 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: