It is important for you to be aware of the requirements of obtaining Public Insurance Adjusters’ licenses for your personal or business insurance businesses. Here are the basic requirements of obtaining your license for Public Insurance Adjusters and what to expect when you apply for a license.
There are only 45 states, the District of Columbia, and the Federal Bureau of Investigation, that require and regulate the licensing of Public Insurance Adjusters. These states and D.C. each have either developed their own licensing regulations and requirements themselves, or adopted some type of similar model law known as Public Adjuster Licensing Model Act. Each state will have different requirements and it is important that you understand what these are so you can comply with all state regulations.
One of the requirements of being licensed by one of the three states is that your license applicant must be certified as an insurance adjuster. In order to be licensed as an insurance adjuster, you must pass the written exam and have been certified by your state’s Insurance Department. Most states also require a minimum of two years of experience in the industry in order to be licensed as an insurance adjuster. The additional required experience does not necessarily equate to more money in the market.
In order to apply for an insurance adjuster license, you will need to go through training and/or licensing in the state you live or work in. If you are seeking an insurance adjuster license from a different state than the one you live or work in, you may be required to undergo additional training. These additional training programs are typically held at a local community college or vocational school and last anywhere from one to six months. After completing the training, you will then be required to submit proof of completion in order to be considered for licensing.
You will also be required to pay for your license as a Public Insurance Adjuster. The costs of obtaining your license and licensing vary from state to state. Some states do not require any licensing or training while others will require you to pay a fee that is based on the amount of experience you have earned as an insurance adjuster.
If you are thinking about becoming a licensed public insurance adjuster, then you will want to know what it takes to obtain your license, how it will be administered and how it will affect your company. It is important that you understand all the requirements of obtaining your license before you begin your training and licensing in order to make sure that you are prepared to be an active in the process.