To be eligible for an individual or business entity license as a public adjuster in the State of North Dakota, the applicant must file and maintain a $20,000 Public Adjuster Bond with the Department of Insurance.
If a violation is committed by the licensee, the Public Adjuster Bond provided by Jet Insurance Company may act as a means of restitution to the damaged party in question.
The North Dakota Public Adjuster Bond is available for purchase at just $10 a month!
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.
If you are interested in additional payment options, take a look at the price chart below for further details.
To get started with your purchase, simply select the “Quote” button at the top of the page!
Once licensed by the North Dakota Insurance Department, Producer Licensing Division, the public adjuster is responsible for working on behalf of insured customers regarding property and/or casualty policies. Insurance claims tend to be complicated, so it is essential for public adjusters to follow license regulations pursuant to Title 26.1, Section 26.8 of the North Dakota Century Code. In addition, all obligations within customer contracts must be fulfilled by the licensee.
The Public Adjuster Bond is required by the Department as a financial assurance that the above stipulations will be upheld by the public adjuster once licensed. If the public adjuster was to violate state laws (violations include negligence, unethical conduct, breach of contract, fraud, etc.), funds from the surety bond may be used to recompense the damaged claimant for any wrongful losses incurred.
Your application for the Public Adjuster 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, a Jet underwriter will send over some approved rate options that are available for immediate purchase.
As soon as the bond has been officially purchased, a Jet team member will provide you with a copy of your receipt and bond form via email. For information on how to file your bond with the North Dakota Insurance Department, read below.
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 checkout.
The original signed and sealed Public Adjuster Bond form, along with any other mandated paperwork, must be submitted to the North Dakota Insurance Department, Producer Licensing Division at the following mailing address:
North Dakota Insurance Department
Producer Licensing Division
600 E Boulevard Ave.
Bismarck, ND 58505
For details on the Department’s license application process, take a look at the links listed below—each webpage details what paperwork and qualifications are required of first-time applicants.