Iowa Public Adjuster Surety Bond

Getting your Iowa public adjuster license? You also need a surety bond. Get bonded fast with Absolute Surety!

Iowa public adjuster bond (Only $100 per year!)

Iowa public adjusters are licensed by the Iowa Insurance Division (IID). Public adjusters help insured parties negotiate with insurance companies on their client’s — the insured party’s — behalf. They have to pass a licensing exam and and apply online through the National Insurance Producer Registry (NIPR). During licensing, they must provide proof of financial security in the form of a $20,000 surety bond.

Public adjuster laws are set forth in Chapter 55 of the Iowa Administrative Code (IAC). Public adjusters must obey all applicable state and federal insurance laws, and they must meet continuing education requirements in order to stay licensed. The IAC also lays out rules for language that needs to be in the contract between the client and the public adjuster, which includes:

• Adjuster’s legible full name
• Public adjuster license number
• Business address and phone number
• Insured’s information, including address and insurance policy number
• Description of the loss
• Public adjuster and client’s signatures

This list is not complete; IAC §191.55.14 for more on the information Iowa public adjusters’ contracts must contain. Adjuster licenses are valid for two years, and must be renewed 60 days before expiration.

How much is this bond?

The required bond amount is a minimum of $20,000. This bond offers a means of recourse for anyone who suffers financial damage as a result of fraud, erroneous acts, or unfair practices by the licensed Iowa public adjuster. Applicants will pay ONLY $100. Absolute Surety is here to help you get bonded no matter your credit! Get in touch today for a free Iowa public adjuster surety bond quote!