Public insurance adjuster bonds which are now required in Virginia, can be obtained through E. R. Munro and Company, headquartered in Pittsburgh, Pa.
The new law requiring the bond establishes the first regulatory laws and licensing requirements for Virginia’s public adjusters, who must be legally licensed by January 1, 2013.
As part of the licensing process, resident and non-resident adjusters must obtain a $50,000 Virginia surety bond to ensure that public adjusters conduct business according to the law. They must pass a pre-licensing exam to verify that they understand the state’s regulations.
Other requirements include:
- comply with conduct standards
- complete 24 hours of continuing education every two years
- undergo a crminal background check
- charge fees that are fair and reasonable in relation to the services performed
If you are a public adjuster in Virginia, you must file your $50,000 surety bond with the state by January 1, 2013. E. R. Munro and Company can provide this required bond based on an acceptable completed and signed bond application.
Contact E. R. Munro and Company at 877-376-8676 or e-mail [email protected].
