Virginia public insurance adjusters must purchase this bond to protect the public in the case of damages caused by any adjusters breaking local, state or national laws.
Licensing requirements for Virginia public adjusters include an exam for resident adjusters, with 24 hours of continuing education every two years, a criminal background check, certification of a $50,000 bond, and a $250 fee. The licenses are renewed every two years.
The price on your $50,000 license bond depends on your financial health, but the rates you pay start at just 0.45% when you're bonded through South Coast Surety. 0.45% is for excellent credit and financial history and the rate increases as your score drops. Don't worry, we also have great solutions for VA public adjusters with credit challenges. We'll get you bonded and help you save money!
All public adjusters conducting business in Virginia must be licensed starting Jan. 1, 2013. The law applies to both resident and non-resident adjusters.
Resident adjusters are required to post a surety bond of $50,000.
The law, passed during Virginia's 2012 legislative session, makes the state the 45th to require licenses and set standards for public insurance adjusters.
Licenses will be issued by the State Corporation Commissions Bureau of Insurance. As a result of the new law, public adjusters will have to comply with conduct standards and continuing education requirements. Public adjusters also will have to charge fees that are fair and reasonable in relation to the work performed.
Licensing requirements include an exam for resident adjusters, with 24 hours of continuing education every two years, a criminal background check, certification of a $50,000 bond, and a $250 fee. The licenses are renewed every two years.
I have processed 2 defective title bonds through South Coast Surety and I am the type that gets worried for any little detail and want to make sure everything is done correctly the first time to prevent double work for myself and everybody. Knowing how I am both times I had to call customer service and they answered every little question I had in a very nice and gratifying way that made me feel I would not have any problems in which I did not. South Coast Surety has the ultimate best customer service.
Gaby - CA
I was shopping for a surety bond for the first time and having trouble communicating with several different companies. When I contacted South Coast Surety they responded quickly and performed the transaction quick and easy. I might have been able to find a lower price, but their professionalism was worth a couple extra dollars.
KG C. - CA
We are opening up a Mental Health Residential Treatment Center and needed a Surety bond since we will be handling some clients cash resources. I reached out to South Coast Surety, they sent me an application, paid our premium and had our bond sent to us immediately. Everyone I spoke to and emailed was courteous, attentive and responded very quickly. We will most definitely continue to get all of our bond services from South Coast.
John F. - CA
Great customer service from South Coast Surety. When I had questions about the bond and process, their customer service team assisted me with a sense of urgency and answered my questions. I recommend using their services. I will be a returning customer.
P&C B. - CA
I needed a surety bond and was referred by another company to south coast. I am very impressed with the level of customer service in every stage of issuing the bond, the rapid response to the get the bond issued and communication with the team. Great team and awesome service. I highly recommend South Coast Surety for you bond needs.
Mirwais A. - CA
I was in need of obtaining my CA Insurance Bond. I was able to obtain my required Bond quote online within minutes. I approved the quote and requested the Bond to be issued. On the same day, I received the Evidence of Coverage. Could not ask for better pricing or better service. I highly recommend South Coast Surety to meet a wide range of Bonding needs.
Udo G. - NJ
South Coast Surety has been proudly providing surety support to all fifty U.S. states for twenty years. Starting out as a small agency with a dream in San Clemente, California, we have steadily grown into one of the largest bond-only agencies in the nation. We write all commercial bonds and contract bonds for every American business and industry. Our greatest achievement is helping our clients grow their business alongside our own through coaching and obtaining larger bonding limits at the best rates. We work hard for our clients and take pride in bonding businesses that have been declined by our competitors.