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As they are in most states, Minnesota public adjusters are required to get a surety bond when they apply for a license.
How to become a Minnesota public adjuster
Minnesota public adjuster licenses are issued by the state’s Department of Commerce. The state uses an online portal for application submission. But before you can apply for a license, you’ll need to pass the public adjuster exam. Here are a few more items the Department will need from applicants:
$50 license fee
Original $10,000 surety bond
The original surety bond must be mailed to the Department:
Minnesota Department of Commerce—Licensing
85 7th Place East #500
St. Paul, MN 55101
Why is this bond required?
The $10,000 Minnesota public adjuster bond is required to protect consumers from fraudulent acts on the part of the adjuster. By getting bonded, the adjuster makes a legally binding promise that they will uphold all state and federal laws applicable to their profession — and if they don’t, and a consumer suffers financial damage, that’s what the bond is for. The consumer can file a claim on the bond to seek reimbursement for those damages. If any claims are paid out, the bondholder (the public adjuster) reimburses the surety.
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