Public adjusters
are insurance professionals hired by policyholders to estimate and negotiate in their name a first-party insurance claim. Licensed public adjusters (PAs) work under the authority of the National Association of Public Insurance Adjusters.
Applicant Background
Most states require applicants for the PA state license to be at least 18 years old. They must also pass a background check and get fingerprinted. Non-residents of a state may apply if the license obtained in their home state complies with the licensing requirements of that particular state.
Training
Before applying for a PA license, individuals must attend college or vocational school programs. These programs offer basic practical instruction as well as pre-license training for the license exam. Individuals attending these programs get an associate degree in a financial field, and they may further their studies towards a bachelor's degree.
Written Exam
The preparation for the written examination requires extensive study materials to be consulted, such as basic principles of life and health insurance, and insurance policies and contracts. Typically, the exam score must be at least 70 percent, but it varies from state to state.
Fees and Bonds
Applicants for a PA state license must pay application and license fees in amounts dictated by the state. They also need to file a surety bond as insurance against fraud or negligence in performing their duties as public adjusters.
Tags: public adjusters, state license
