Indiana Code 27-1-28-20. Contracts

Sec. 20. An independent adjuster shall:

(1) maintain a copy of each contract between the independent adjuster and an insurer or a self-insurer; and

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Contract: A legal written agreement that becomes binding when signed.
independent adjuster: means a person, or an independent contractor or employee of a person, that:
Indiana Code 27-1-28-6
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

(2) comply with the record retention policy agreed to in the contract described in subdivision (1).

As added by P.L.11-2011, SEC.22.