Virginia HB 872 was approved on April 10, 2012, and established the first regulatory laws and licensing requirements for the state’s public adjusters, who must be legally licensed by January 1, 2013.
As a part of the licensing process overseen by the State Corporation Commission’s Bureau of Insurance, resident and non-resident adjusters must do the following:
- comply with conduct standards
- complete 24 hours of continuing education every two years
- undergo a criminal background check
- charge fees that are fair and reasonable in relation to the services performed
Resident public adjusters must also pass a prelicensing exam to verify they understand the state’s new licensing regulations. Each public adjuster must also file a $50,000 Virginia surety bond to ensure compliance with the new licensing regulations.
You can purchase a Virginia Public Adjuster Bond online 24/7 and receive your official public adjuster bond document set instantly in your email once you’ve submitted your payment. You can also call 1(800)308-4358 to speak with a surety expert about your bonding needs.
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