An Independent Adjuster Surety Bond is a license and permit surety bond required by some state departments of insurance to have an adjuster license. An Insurance adjuster is someone who investigates insurance claims or claims for damages and recommends an effective settlement. Independent Adjusters are independent contractors hired by the insurance company in this transaction. The surety bond protects the insurance company and the policy holder for whom the adjuster rendered services from fraud, dishonesty, misstatement, misrepresentation, deceit and or any unlawful acts or omissions as they investigate the claim and issue their settlement recommendations.
These are sometimes also known as Insurance Adjuster surety bonds.