Maine Revised Statutes Title 24-A Sec. 1476 – Activities of insurance adjusters
Current as of: 2023 | Check for updates
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The following requirements govern the activities of insurance adjusters. [PL 1997, c. 592, §43 (NEW).]
1. Solicitation. An adjuster seeking to provide adjusting services to an insured for a fee to be paid by the insured may not offer an adjustment services contract to any person for at least 36 hours after an accident or occurrence as a result of which the person might have a potential claim.
[PL 2019, c. 382, §3 (AMD).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 1476
- Adjuster: means any individual who, as an independent contractor or as an employee of an independent contractor, or as an employee of another organization, for fee, commission or other compensation, investigates for, settles on behalf of and reports to an insurer, fraternal benefit society, workers' compensation self-insurer or insured relative to claims arising under the workers' compensation laws or other types of insurance contracts. See Maine Revised Statutes Title 24-A Sec. 1402
- Contract: A legal written agreement that becomes binding when signed.
2. Contract provision. Any such adjustment services contract must contain a provision, prominently printed on the first page of the contract, stating that the person contracting with the adjuster has the option to rescind the contract within 2 business days after the contract is signed.
[PL 1997, c. 592, §43 (NEW).]
SECTION HISTORY
PL 1997, c. 592, §43 (NEW). PL 2019, c. 382, §3 (AMD).