Public adjuster definition

Public adjuster means the insurance adjusters who do not work for any insurance company. They work for the insured to assist in the preparation, presentation, and settlement of the claim. The insured hires them by signing a contract agreeing to pay them a fee or commission based on a percentage of the settlement or other method of compensation.

Public adjuster means any person who, for compensation or any other thing of value on behalf of the insured:

Public adjuster means an adjuster employed by and representing the interests of the insured.

Examples of Public adjuster in a sentence

• The fees required by this Article are as follows: (1) Public adjuster license fee of $250, payable once every 2 years.

• Public adjuster business entities should submit written notification to Agent Services Division of any changes in the designated responsible public adjuster.

• Public adjuster business entities should submit an electronic application for licensure as either a corporation/partnership business entity through NIPR using the NAIC Uniform Business Entity Application at http://www.nipr.com/producer_landing.htm.

• Public adjuster fees.1. A public adjuster may charge the insured a reasonable fee for public adjuster services.2. A person may not accept a commission, service fee, or other valuable consideration for investigating or settling claims in this state if the person is required to be licensed under this chapter and is not licensed.

• Public adjuster representation had the same effect for non-catastrophe claims.

More Definitions of Public adjuster

Public adjuster means any person who for compensation or any other thing of value acts on behalf of an insured by doing any of the following:

Public adjuster means any person who, for compensation

Public adjuster means an adjuster employed by and

Public adjuster means any person who, for compensation or anything of value:

Public adjuster means any person who investigates claims and or negotiates settlement of claims arising under policies of insurance in behalf of the insured under such policies or who advertises or solicits business as such adjuster. Lawyers settling claims of clients shall not be deemed to be insurance public adjusters.

Public adjuster means a person that, for compensation, does the following:

Public adjuster means an insurance adjuster who does not work for an insurer. A public adjuster works for the insured to assist in the preparation, presentation, and settlement of the claim. The insured hires a public adjuster by signing a contract agreeing to pay a fee or commission based on a percentage of the settlement or other method of compensation.