Indiana § 27-1-27-12 Disclosure by public adjuster of financial interests

Indiana Statutes

§ 27-1-27-12 — Disclosure by public adjuster of financial interests

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 27 Public Adjusters

(a)Before entering into a contract with an insured, a public adjuster shall provide to the insured a written disclosure concerning any direct or indirect financial interest that the public adjuster has with any other party that is or will be involved in any aspect of the insured's claim, other than by receiving a salary, fee, commission, or other consideration that will be established in the written contract with the insured.

(b)The direct or indirect financial interests that a public adjuster must disclose to an insured under subsection (a) includes any ownership by the public adjuster of, or any compensation that the public adjuster can expect to be received from, any:

(1)construction firm;

(2)salvage firm;

(3)lawyer or law firm;

(4)building appraisal firm; or

(5)board up company;

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(a) Before entering into a contract with an
insured, a public adjuster shall provide to the insured a written
disclosure concerning any direct or indirect financial interest that the
public adjuster has with any other party that is or will be involved in
any aspect of the insured's claim, other than by receiving a salary, fee,
commission, or other consideration that will be established in the
written contract with the insured.
(b) The direct or indirect financial interests that a public adjuster
must disclose to an insured under subsection (a) includes any
ownership by the public adjuster of, or any compensation that the
public adjuster can expect to be received from, any:
(1) construction firm;
(2) salvage firm;
(3) lawyer or law firm;
(4) building appraisal firm; or
(5) board up company;
or any other firm that provides estimates for work, or performs any
work in conjunction with the insured loss to which the contract
between the public adjuster and the insured applies.

Indiana § 27-1-27-12 (Disclosure by public adjuster of financial interests) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.