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