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If you are engaged as an Independent Insurance Adjuster in the State of New Mexico, you are required by the New Mexico Public Regulation Commission Insurance Division to execute a New Mexico Independent Insurance Adjuster Bond in the amount of $10,000 to ensure compliance with the Insurance Laws of New Mexico.
**Effective June 16th, 2023 the New Mexico Public Regulation Commission Insurance Division has waived the requirement of a surety bond for Independent Insurance Adjusters. A Public Adjuster Surety bond is still being required at this time. You may find the updated license requirements by following this link: https://www.osi.state.nm.us/pages/bureaus/producers/compliance/bonds**
Bonds Express offers a New Mexico Independent Insurance Adjuster Bond with a 100% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The New Mexico Independent Insurance Adjuster Bond holds you accountable for your business decisions.
By possessing a New Mexico Independent Insurance Adjuster Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.