§ 27-1-27-20 — Public adjuster contract rescindable

Indiana § 27-1-27-20

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 27: Public Adjusters

Text

(a) An insured may rescind a contract
between the insured and a public adjuster at any time not more than
three (3) business days after the day on which the insured submits to
the insurer the claim to which the contract relates.
(b) An insured may rescind a contract with a public adjuster by
notifying the public adjuster in writing of the insured's decision to
rescind the contract. The written notification must be transmitted to the
adjuster by:
(1) registered or certified mail, return receipt requested, sent to
the address of the public adjuster shown on the contract;
(2) personally serving the notice on the public adjuster; or
(3) sending an electronic mail to the public adjuster at the
electronic mail address shown on the contract.
(c) If the insured exercises the right to rescind a contract under this
section, the public adjuster shall return to the insured anything of value
that the insured gave to the public adjuster under the contract before
the recission of the contract. The public adjuster shall return things of
value to the insured under this section not more than fifteen (15)
business days after the day on which the public adjuster receives notice
under subsection (b) of the insured's decision to rescind the contract.

Legislative History

As added by P.L.226-2023, SEC.15.