RSA 402-D:11 Bond or Letter of Credit.

I. Prior to issuance of a license as a public adjuster, the applicant shall maintain in force evidence of financial responsibility through one of the following:
(a) A surety bond executed and issued by an insurer authorized to issue surety bonds in this state, which bond:
(1) Shall be in the amount of at least $20,000;
(2) Shall be in favor of this state and shall specifically authorize recovery by the commissioner on behalf of any person in this state who sustained damages as the result of erroneous acts, failure to act, conviction of fraud, or conviction of unfair practices in his or her capacity as a public adjuster; and
(3) Shall not be terminated unless at least 30 days prior written notice has been filed with the commissioner and given to the licensee.