"While the new regulation requires a favorable endorsement from APAC and PILA, the Insurance Commission, as the ultimate decision-making authority for approving an adjuster
's license, may direct the issuance of the license even without the endorsement if we find that the non-endorsement unjustified," Funa said.
You've heard public adjusters
say that they see it all the time.
are often among the first on the scene after a catastrophe strikes and play an invaluable role in getting claims processed, people settled and repairs underway.
This is just a sampling of the details that adjusters
and SIU investigators routinely examine to discern the possibility of workers comp claims fraud.
Auto claims adjusters
experience work-related emotional stress due to the nature of their work.
Hail losses from specialty providers ran just over $20,000, almost twice as high as the estimates submitted by staff adjusters
, independent adjusters
and mitigation providers.
The new law is designed to require disclosure of any relationships or referral fees between the adjusters
and the contractor to avoid any inappropriate conflicts of interest.
Global Banking News-June 19, 2013--Ceiling on fees for public adjuster
in Oklahoma(C)2013 ENPublishing - http://www.enpublishing.co.uk
My client had $50k in UM coverage and told the adjuster
that she was still treating; the adjuster
had no idea of the adverse drivers' coverage, but still decided to ask the insured to sign a UM release.
Arkansas is one of the few states that don't allow public adjusters
, and the insurance industry in Arkansas wants to keep it that way.
State auditors concluded that policyholders who hire public adjusters
wound up waiting longer to resolve their claims, with figures ranging from 132 to 296 days longer than claims without public adjuster
The bill makes other changes in the law affecting public adjusters
: prohibiting them and public adjuster
apprentices from paying fees for referrals of business to the public adjuster
; requiring public adjuster
apprentices to obtain the Accredited Claims Adjuster
designation prior to applying for a license as a public adjuster
apprentice; limiting the number of active public adjuster
apprentices employed by a public adjusting firm to 12 and the number of apprentices supervised by a public adjuster
to 3; and requiring OPPAGA to do a study on public adjusters
and to report to the presiding officers, Governor, Chief Financial Officer, & Insurance Commissioner by February 1, 2010.