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Licensing of Public Insurance Adjusters


Thursday, April 17, 2003
Reference: 
03-LG-004-4/7

The Act and the rules promulgated thereunder establish a licensing process for initial and renewal applications for public insurance adjusters, requires public insurance adjusters to pass a licensing examination, requires public insurance adjusters to hold client funds in an escrow or trust account, establishes record keeping requirements, subjects public insurance adjusters to disciplinary action, including civil penalties for certain prohibited practices, requires public insurance adjusters to make disclosures, and requires public insurance adjusters to use specified language in their contracts with insureds.

INS

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