Who requires it
Illinois Department of Insurance — Producer Licensing
License & permit · Illinois
Illinois Public Adjuster Bond
Illinois public adjusters must maintain fifty thousand dollars of security—either a surety bond or an irrevocable letter of credit—under 215 ILCS 5/1560 before the Department of Insurance will issue or continue the license. Current IDOI forms and licensing materials use the fifty-thousand-dollar amount; older twenty-thousand-dollar figures are obsolete for this requirement. Filings run through NIPR with the Department’s public adjuster bond form.
Common bond amount
$50,000
Current IDOI amount is $50,000 surety or irrevocable letter of credit; disregard older $20,000 figures.
How you file
File the IDOI public adjuster form through NIPR, or an irrevocable letter of credit
Renewal
Keep continuous for the license term; renew via NIPR
Who requires it
Individuals and firms seeking or holding an Illinois public adjuster license with the Department of Insurance. Company appointments and producer licenses are separate credentials. Use the current fifty-thousand-dollar IDOI form rather than any outdated twenty-thousand-dollar reference.
How much is required
Section 1560 of the Illinois Insurance Code requires a fifty-thousand-dollar surety bond or irrevocable letter of credit. IDOI’s 2024 public adjuster bond form and licensing page confirm that current amount. Do not rely on older marketing materials that still cite twenty thousand dollars.
How to get and file it
Have an authorized surety complete the Illinois Department of Insurance public adjuster bond form for fifty thousand dollars (or arrange a qualifying irrevocable letter of credit), then submit it through NIPR with the public adjuster license application or renewal as IDOI instructs. Keep the fifty-thousand-dollar bond or letter of credit in force for the entire license period. Replace coverage before cancellation and update the instrument when the licensed name changes. Renew the public adjuster credential through NIPR on the Department’s schedule.
Cost note
Fifty thousand dollars is the required bond amount, not the premium you pay. See bond amount vs premium. Bond amount vs premium →
Requirement checklist
- Required amount
- $50,000 surety bond or irrevocable letter of credit
- Authority
- 215 ILCS 5/1560
- Form / channel
- Current IDOI public adjuster bond form filed through NIPR
- Stale figures
- Do not use older $20,000 public adjuster bond amounts
Official sources
Related resources
Frequently asked questions
Is the Illinois public adjuster bond still $20,000?
No. Current Illinois Department of Insurance materials and the statutory security requirement are fifty thousand dollars as a surety bond or irrevocable letter of credit. Treat twenty-thousand-dollar figures as outdated.
Can I post a letter of credit instead of a bond?
Yes. Section 1560 allows either a surety bond or an irrevocable letter of credit meeting Department requirements. Confirm acceptable ILC language with IDOI before filing through NIPR.
Related Illinois bond guides
Notary Public Bond
$5,000 / $25,000 / $30,000
Illinois notaries public file a surety bond under 5 ILCS 312/2-105 and 14 Ill. Adm. Code 176.340. Traditional in-person commissions use a five-thousand-dollar four-year bond. Notaries that also perform remote or electronic notarizations must add a twenty-five-thousand-dollar remote/electronic bond, or satisfy both with one thirty-thousand-dollar combined bond.
Collection Agency Bond
$25,000
Illinois collection agencies licensed under the Collection Agency Act must maintain a twenty-five-thousand-dollar continuous surety bond under 205 ILCS 740/8. The bond may not be cancelled without at least sixty days’ notice. Debt buyers collecting only accounts they own are outside this bond requirement. The Act remains in force after Senate Bill 2457 removed the former sunset; it was not repealed.
Surety basics (not repeated here)
Universal surety concepts explained once—linked here instead of repeated on every state or bond page.
Continue with a Illinois application
Illinois will be preselected. Choose your bond type in the application—we confirm the correct product against your agency form before anything is issued.
Last verified 2026-08-11. This guide is based on verified educational content and official sources.
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