Indiana Code 27-1-27-1.5. Prohibited public adjuster actions
Current as of: 2024 | Check for updates
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Sec. 1.5. A public adjuster shall not:
(A) an insurer; or
(1) file an insurance claim with:
Terms Used In Indiana Code 27-1-27-1.5
- Insurance: means a contract of insurance or an agreement by which one (1) party, for a consideration, promises to pay money or its equivalent or to do an act valuable to the insured upon the destruction, loss or injury of something in which the other party has a pecuniary interest, or in consideration of a price paid, adequate to the risk, becomes security to the other against loss by certain specified risks; to grant indemnity or security against loss for a consideration. See Indiana Code 27-1-2-3
- insurer: means a company, firm, partnership, association, order, society or system making any kind or kinds of insurance and shall include associations operating as Lloyds, reciprocal or inter-insurers, or individual underwriters. See Indiana Code 27-1-2-3
- person: includes individuals, corporations, associations, and partnerships; personal pronoun includes all genders; the singular includes the plural and the plural includes the singular. See Indiana Code 27-1-2-3
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(B) an agent, employee, or representative of an insurer;
on behalf of an insured person;
(2) act in any manner in relation to claims for personal injury or automobile liability;
(3) bind the insured in the settlement of claims; or
(4) perform:
(A) the role of a roofing contractor;
(B) the role of an appraiser; or
(C) any other role;
with respect to the subject of a claim at the same time that the public adjuster is providing advice or assistance to an insured in the adjustment of the claim.
As added by P.L.226-2023, SEC.4.