| License Description |
PUBLIC ADJUSTER
Any person, other than someone who is employed by an insurance carrier, who, for compensation or any other thing of value, on behalf of the insured:
Acts or aids, solely in relation to first party claims arising under insurance contracts that insure the real or personal property of the insured on behalf of an insured, in investigating, verifying, substantiating, estimating, appraising, determining, presenting, and discussing the value of the claim, and effectuating the resolution of a claim for loss or damage covered by an insurance contract;
Advertises for employment as a public adjuster of insurance claims or solicits business or represents to the public to be a public adjuster of first party insurance claims, for losses or damages arising out of policies of insurance that insure real or personal property; or
Directly or indirectly solicits business, investigates or adjusts losses, or advises an insured about first party claims for losses or damages arising out of policies of insurance that insure real or personal property for another person engaged in the business of adjusting losses or damages covered by an insurance policy, for the insured.
LICENSE REQUIREMENTS:
Applicant must be 18 years of age
Has not committed any act that is a ground for denial, suspension or revocation
Applicant is trustworthy, reliable, and of good reputation
Applicant is financially responsible to exercise the license, and has provided proof of financial responsibility (Surety Bond in the minimum amount of $50,000 and an errors and omissions policy in the minimum amount of $500,000 per occurrence)
Applicant maintains an office in the applicant's state of residence, with public access by reasonable appointment or IC uniform renewal application, fee, and required continuing education |