The New Mexico Office of the Superintendent of Insurance adopted regulations that require a public adjuster or an independent adjuster to be licensed and post a surety bond or other security for not less than $10,000. The bond is conditioned on the payment of actual damages to the State or a member of the public due to the adjuster’s violation of the applicable law and the payment of any final judgments.
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If you’re ready to get a free surety bond quote to meet this new surety bond requirement, you can simply apply online. We are the nation’s largest volume bond producer, and provide the lowest rates in the industry.