MN Public Adjuster Bond

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:

• Fingerprints
• $50 license fee
• Original $10,000 surety bond

The original surety bond must be mailed to the Department:

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.�

The bond, however, doesn’t cost $10,000 � you could get it for as little as $100!�Ready to be get bonded?�Get a quote for the Minnesota public adjuster bond today from Single Source Insurance!�

Required Licensing for Minnesota Public Adjusters

• Department of Commerce Public Adjuster Licensing
• Minnesota Statutes Chapter 72B
• Minnesota public adjuster surety bond form