What is required to become a licensed public adjuster?

To become a licensed public adjuster in Missouri, obtaining a corporate surety bond of $10,000 is a crucial requirement. This bond serves as a form of financial protection for clients, ensuring that they have recourse if the public adjuster fails to uphold their fiduciary duties or engages in misconduct. This requirement underscores the importance of accountability in the profession, assuring clients that there is a safeguard in place to support them financially in case of any potential malpractice.

While professional certifications, degrees in insurance, or extensive field experience may enhance a public adjuster's qualifications and capabilities, they do not serve as prerequisites for licensure under Missouri law. The surety bond is specifically mandated and serves as critical protection for the public. Thus, the bond requirement is the defining factor for licensing, making it essential for anyone seeking to practice as a public adjuster in Missouri.