Apply for a Mississippi Surety Bond today! Absolute Surety is a leading MS surety bond company. Apply easily online and take advantage of lowest rates. Quickly browse the bonds we offer for this state, or contact us for a full list.
Here are a few more items the Insurance Department requires from public adjuster applicants:
$100 licensing fee
Additional NIPR fees (if applicable)
$50,000 surety bond
Mississippi public adjuster licenses issued after July 1, 2016 expire on the last day of the licensee’s birth month in the second year of renewal, and have a minimum 13-month and maximum 24-month term. So, if you were born in February and licensed in September 2016, your license would have expired on February 28, 2018. Beginning in November 2017, the Insurance Department will be emailing rather than mailing renewal notices, so ensure a correct business email is on file.
How much is this bond?
Becoming a Mississippi public adjuster means getting a $50,000 surety bond. The surety bond protects the public adjuster’s clientele from financial damages as a result of unethical or illegal business practices. Your goal is to never use your surety bond, meaning you’ll never have to reimburse the surety for paid-out claims.
Surety bond premiums are a percentage of the bond’s total coverage amount. So, this bond could cost you anywhere from $500 to $5,000, depending on a review of your credit history. Don’t worry if your credit isn’t perfect—Absolute Surety can get you an affordable surety bond rate.
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