No person, except a person otherwise licensed under this article, shall make any adjustment under an insurance policy covering hazards described in Article I of Chapter 18 of this Title, unless he shall hold a license under this section or is exempted therefrom.

(a) An insurance adjuster’s license may be issued by the Commissioner to any person filing an application on a prescribed form, and upon payment of a license fee of Fifty Dollars ($50.00). Licenses and renewals thereof shall be for a term expiring one (1) year after date of issue.

(b) Any license under this section may be refused, suspended or revoked for any of the reasons set forth in § 15705 of this Title and in the manner so provided therein.

SOURCE: GC § 43258. Subsection (a) amended by P.L. 29-002:V:I:93 (May 18, 2007).