Oklahoma Public Adjuster Bond

Oklahoma Public Adjuster Bond

A $25,000 Public Adjuster Bond is required by the Oklahoma Insurance Department to maintain a license as a public adjuster, and of course, to perform services within the insurance industry (this applies to individual agents and business entities).

Jet Insurance Company provides the Public Adjuster Bond as a financial assurance to the Department that the public adjuster will adhere to all applicable license regulations. If the licensee commits a violation (e.g. negligence, unethical conduct, and/or fraud), the bond may act as a means of restitution to the damaged party.

QUOTE

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

What Is the Lowest Price for the Public Adjuster Bond? 

Our prices at Jet are a small percentage of the bond’s limit and are based on a soft credit check of the applicant. For instance, rates for the $25,000 Public Adjuster Bond start at $100 for a one-year bond term or a simple payment of $10 a month.

For additional payment plans and Jet’s approved tier rates, take a look at the price chart below. 

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

As a public adjuster, the Department of Insurance requires licensees to maintain the Public Adjuster Bond for the entirety of their performance as a licensed agent or business entity within the State of Oklahoma. With this in mind, Jet’s monthly and multi-year bond terms are great options for those seeking a life-long career as a public adjuster. 

Why Is the Oklahoma Public Adjuster Bond Required?

Once licensed by the Oklahoma Insurance Department, public adjusters are responsible for assisting policyholders with property and/or casualty claims. Due to the complicated process of insurance claims and all the paperwork to be completed, public adjusters must follow very specific steps when performing these services. Such requirements include license regulations pursuant to Title 36, Chapter 2 of the Oklahoma Statutes, as well as contractual obligations. 

The Public Adjuster Bond is required by the Department to ensure that the licensee is complying with the rules of their license, as well as handling all claims correctly and ethically. If it is found that the public adjuster has committed negligence, deceitful business practices, a breach of contract, and/or fraud, funds from the surety bond may be used to recompense the damaged party for any financial losses incurred.

How to Apply for the Public Adjuster Bond With Jet 

Jet’s application for the Oklahoma Public Adjuster Bond is available online (simply select the button below) or you can give our team a call at 855-296-2663! To begin, we will require some general information such as your contact details and social security number. No need to pause about that last part—Jet underwriters only run a soft check, so it won't have an impact on your score.

Once your application has been submitted and gone through a quick review, approved rate options will be sent your way that are ready for immediate purchase. Simply choose the best plan for you and fulfill the payment. You’ll then receive a copy of your receipt and bond form once all has gone through. Details on how to file your bond with the Department of Insurance can be found below.

GET A QUOTE

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

You can either have Jet file your bond for you (free of charge), or you can choose to file the bond form yourself, along with any other licensure paperwork. Either option may be selected at check out.

The original signed and sealed Public Adjuster Bond form must be submitted to the Oklahoma Insurance Department, Licensing Division at the following mailing address:

Oklahoma Insurance Department
Licensing Division
400 NE 50th Street
Oklahoma City, OK 73105

If this is your first time applying for a public adjuster license, the Department’s New Application Process webpage will be of great help. And for those renewing, the Renewal Application Process webpage has been provided for your convenience.

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 cancelling your bond.

Bond Claim Process

Claims are rare, but they can happen to anyone. Read about the ins and outs of Public Adjuster Bond claims here.

Oklahoma 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: