VIRGINIA ADJUSTER LICENSING INFORMATION
License Types
Public Adjuster
A Public Adjuster means an individual or business entity who receives, either directly or indirectly, a salary, fee, commission, or other compensation for engaging in public adjusting.Public adjusting means investigating, negotiating, adjusting or providing advice to an insured in relation to first party claims arising under insurance contracts that insure real or personal property of an insured for the purpose of effecting the settlement of a
claim on behalf of the insured.
Public adjusters are licensed in Virginia.
License type: Individual and Business Entity.
Licensing Requirements
Requirements
Licensing Requirements for RESIDENT Individuals and Business EntitiesLicensing requirements are found in the public adjuster section of the Insurance Licensing Candidate Handbook. Visit www.scc.virginia.gov/boi/pro/adj.aspx to apply online. License applications are processed in date received order .Visit www.scc.virginia.gov/boi/ConsumerInquiry to track a pending application or to view the license status.Additionally, as a condition of licensure, the electronic application includes an “attestation” wherein the applicant must certify that they have, and will keep in force for as long as the license remains in effect, a $50,000 bond in favor of the Commonwealth with corporate sureties licensed by the Commission.The surety bond number, effective date and the name of the insurer must be included on the application for licensure.Currently, the Bureau does not require receipt of the actual bond as a condition of licensure. Visit www.scc.virginia.gov/boi/pro/adj.aspx to download the PA-2 Bond Form
Licensing Requirements for NONRESIDENT Individuals and Business EntitiesA nonresident applicant must be currently licensed or otherwise authorized as a public adjuster and in good standing in his or her home state.Visit www.scc.virginia.gov/boi/pro/adj.aspx to apply and pay the $250 non -refundable application processing fee.License applications are processed in date received order.Visit www.scc.virginia.gov/boi/ConsumerInquiry to track a pending application or to view the license status.Every license issued shall be for a term of two years from the date of issuance and may be renewed every two years thereafter.Effective July 1, 2014, as a condition of licensure, the electronic application includes an “attestation” wherein the applicant must certify that they have, and will keep in force for as long as the license remains in effect, a $50,000 bond in favor of the Commonwealth with corporate sureties licensed by the Commission. The surety bond number, effective 5/2014 date and the name of the insurer must be included on the application for licensure.Currently, the Bureau does not require receipt of the actual bond as a condition of licensure. Visit www.scc.virginia.gov/boi/pro/adj.aspx to download the PA-2 Bond Form
Pre Licensing Education
Resident Individual applicants are required to pass the Virginia pre-licensing Public Adjuster examination. Non Resident Individual and business entity applicants must be currently licensed or otherwise authorized as a resident Public Adjuster and be in good standing in their home state.Bond Requirement
Requires Adjuster Bond.
Type of Adjuster: Public Adjusters
Amount: $50,000
Bond Expiration information: Data Not Available
Link to Forms: https://www.scc.virginia.gov/publicforms/603/pa2bond.pdf
How to Apply
Individual and business entity applicants must apply through Sircon’s Compliance Express (“CX”) or NIPR. Visit www.scc.virginia.gov/boi/pro/adj.aspx to submit the electronic application. Visit www.scc.virginia.gov/boi/ConsumerInquiry to track a pending application or to view the license status.Maintaining Your License
Renewal
Both resident and nonresident Public Adjusters must submit an electronic renewal application along with the nonrefundable renewal application processing fee every two years from the issue date of the Public Adjuster license. Any Public Adjuster license for which the required renewal application and nonrefundable renewal application processing fee has not been received by the Bureau will automatically be terminatedContinuing Education
An individual who holds a Public Adjuster license shall satisfactorily complete a minimum of 24 hours of approved CE courses, including three hours of ethics, reported on a biennial basis in conjunction with the license renewal.A $15 nonrefundable CE processing fee will be assessed with the renewal. The Bureau has contracted with Pearson VUE to administer the CE program for Public Adjusters. Visit www.sircon.com/virginiaExternal Link logo to view CE transcripts, available course offerings, and approved courses.
CE credits will not be awarded for courses completed before the license was issued.
Public Adjusters are not allowed to receive credit for the same course in the same biennium. Also, CE credit cannot be given for a duplicate course taught in alternative formats (classroom course, on-line course,
video or audio conference, web-conference based, etc.) if the curriculum is based on the same published materials; this rule applies to any variation of course types.
A Public Adjuster’s license will not be renewed if all CE requirements have not been met.
Fees
| License Fee | $250.00 |
| Renewal Fee | $250.00 + $15.00 CE Fee |
Contact
Bureau of InsuranceAgents Licensing Section
P. O. Box 1157
Richmond, Virginia 23218
804-371-9631
804-371-9290 (Fax)
cid.bureauofinsurance@scc.virginia.gov
www.scc.virginia.gov/boi/