What is a license bond (license and permit bond), and how do I get one?
The answer depends on your state. Pick yours to see it.
A license bond is a surety bond a regulator requires as a condition of holding certain insurance licenses. In DC, public insurance adjusters must hold a $20,000 bond, title insurance producers must hold a $200,000 surety bond plus a $200,000 fidelity bond, and managing general agent applicants must provide proof of a $100,000 bond.
Sources: NAIC chart PL-40: Adjuster licensing requirements by state; DC DISB: General information for producers and agents; DC DISB: Insurance Bureau schedule of fees, taxes and deposits.
A license bond is a surety bond a state requires before it issues certain licenses; in Mississippi insurance licensing it applies mainly to public adjusters. Public adjuster applicants must submit a bond or letter of credit in force for at least $50,000, or an errors and omissions policy of the same amount, with the bond form available at mid.ms.gov. The bond or policy must stay active to maintain or renew the license.
Sources: Mississippi MID: Public adjuster license instructions (PDF, rev. 6/2025).
A license bond is a surety bond required to hold certain licenses. In New Mexico insurance licensing, public and independent adjusters must file a $10,000 bond with the Office of Superintendent of Insurance. Adjuster applicants file the bond electronically through the NIPR Attachment Warehouse or by email, and resident applicants have 10 days from the application date to submit it.
Sources: 13.4.8 NMAC: Public, Staff and Independent Adjusters; New Mexico OSI: Individual Licensing Instructions (Resident and DHS Producer & Adjuster checklist).