North Dakota Public Adjuster Bond

North Dakota Public Adjuster Bond

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. 

QUOTE

The North Dakota Public Adjuster Bond is available for purchase at just $10 a month!

What Is the Lowest Price for the Public Adjuster Bond? 

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. 

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

To get started with your purchase, simply select the “Quote” button at the top of the page!

Why Is the North Dakota Public Adjuster Bond Required?

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. 

How to Apply for the Public Adjuster Bond With Jet 

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. 

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How Does the Public Adjuster Bond Get Filed to the North Dakota Insurance Department?

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.

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

Find out what causes a claim as a public adjuster and what happens after a claim is made.

North Dakota 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: