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 acts on behalf of an insured by doing any of the following:

Examples of Public adjuster in a sentence

  • 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.

  • Section 10 of the Bill amended § 626.854 ("Public adjuster defined;prohibitions"), by adding subsections (5) through (12), with an effective date of October 1, 2008.

  • Prudential Regulation Authority (PRA) Public adjuster Reinsurance Reinsurers Risk details Room Security details Signed lineThe prudential regulator who supervises UK financial institutions including insurance companies and Lloyd’s of London.

  • Public adjuster" means the insurance adjusters who do not work for any insurance company.

  • 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 anything of value:
Public adjuster means an adjuster employed by and representing the interests of the insured.
Public adjuster means an adjuster employed by and
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 any person who, for compensation
Public adjuster means a person that, for compensation, does the following:
Public adjuster means an individual or business entity who receives, either directly or indirectly, a