Not in Illinois? Public adjuster bonds in other states

Illinois public adjuster bonds.
$500 flat.

Illinois requires every licensed public adjuster to file a $50,000 bond with the Department of Insurance — the amount rose from $20,000 on January 1, 2024. Ours is $500 flat, issued instantly. License bonds like this issue instantly.

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Required for your IL public adjuster license — new applicants and renewals

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Fixed price, fixed amount — $50,000 bond, $500, no quote process

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Now $50,000, not $20,000 — the statutory amount increased on January 1, 2024

A-ratedA.M. Best carriersInstantunderwriting process1–3 yrterms available

Trusted by industry leaders

How it works

Three steps. One sitting.

License bonds are the simplest thing in surety. Here's the entire process:

NOW · ONLINE

Apply online

Business details, an effective date. That's the application.

MINUTES, USUALLY

Pay & e-sign

License bonds like this are among the thousands of bond types that issue right after purchase.

SAME DAY

File with your license

Your executed bond arrives by email, ready to file with your Department of Insurance license application or renewal. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

A public adjuster bond is a policyholder-protection guarantee. You negotiate insurance claims on behalf of people who've just had the worst week of their year — Illinois wants a financial backstop that you'll handle their claims and their money honestly.

It's a three-party arrangement: you (the principal), the surety carrier, and the State of Illinois (the obligee), with your clients as the protected parties. If an adjuster commits fraud, an unfair practice, or otherwise harms a client, the harmed person can recover against the bond.

The bond must stay active for the life of your license. Let it lapse and you can be referred for action against the license — so we track it and notify you 60 and 30 days out, keeping your $50,000 filing continuous.

Illinois Insurance Code, Art. XLV (215 ILCS 5)Article XLV of the Illinois Insurance Code (215 ILCS 5) conditions a public adjuster license on a surety bond filed with the Director of Insurance, in favor of the State and authorizing recovery on behalf of any person harmed by the adjuster's fraud, unfair practices, or failure to act. The Department of Insurance increased the bond amount from $20,000 to $50,000 effective January 1, 2024 — confirm the current amount on your application.

You need this bond if you're

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Applying for an IL public adjuster license — the bond is filed with your application

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Renewing your license and your bond is expiring or your surety non-renewed

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Topping up from $20,000 to $50,000 to meet the amount effective January 1, 2024

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An out-of-state adjuster getting licensed to work Illinois losses

One application, issued instantly.

These are the actual issuing fields.

Start the application →

FAQ

Common questions.

How much is the Illinois public adjuster bond?The premium is $500, set by our carrier for this bond — the same for every adjuster. The $50,000 bond amount is set by statute, so there is no quote process.

Why is the bond $50,000 now instead of $20,000?The Illinois Department of Insurance increased the minimum public adjuster bond from $20,000 to $50,000 effective January 1, 2024. If you carry an older $20,000 bond, you may need to replace it to meet the current amount — confirm with the Department.

Do I pay the $50,000?No. You pay $500. The $50,000 is the surety's maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

Is there a credit check?The application collects no credit information — there's no credit section at all.

When does it renew?The bond must stay active for as long as you hold the license. You can buy a 1, 2, or 3-year term; we send renewal notices 60 and 30 days out, with autopay available, so your license never lapses over a missed email.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Illinois bonds.

Finish your license checklist today.

$500 flat, no credit review, bond often issued in the same sitting. Free until issued.

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Your price$500

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