(a) Before issuing a public adjuster license to an applicant under this part, the commissioner shall find that the applicant:

lawyer at desk

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Tennessee Code 56-6-905

  • Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-6-902
  • Home state: means the District of Columbia and any state or territory of the United States in which the public adjuster's principal place of residence or principal place of business is located. See Tennessee Code 56-6-902
  • Individual: means a natural person. See Tennessee Code 56-6-902
  • Public adjuster: means any person, other than someone who is employed by an insurance carrier, who, for compensation or any other thing of value, on behalf of the insured:
    (i) Acts or aids, solely in relation to first party claims arising under insurance contracts that insure the real or personal property of the insured on behalf of an insured, in investigating, verifying, substaining, estimating, appraising, determining, presenting, and discussing the value of the claim, and effectuating the resolution of a claim for loss or damage covered by an insurance contract. See Tennessee Code 56-6-902
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(1) Is eligible to designate this state as the applicant’s home state or is eligible for a license pursuant to § 56-6-908;
(2) Has not committed any act that is a ground for denial, suspension or revocation of a license as set forth in § 56-6-910;
(3) Is trustworthy, reliable, and of good reputation;
(4) Is financially responsible to exercise the license, and has provided proof of financial responsibility as required in § 56-6-911;
(5) Has paid the fees set forth by rule or regulation of the commissioner; and
(6) Maintains an office in the applicant’s home state of residence, with public access by reasonable appointment or regular business hours, or both.
(b) In addition to satisfying the requirements of subsection (a), unless exempted pursuant to this part, an individual shall:

(1) Be at least eighteen (18) years of age;
(2) Have successfully passed the public adjuster examination;
(3) Designate a licensed individual public adjuster responsible for the business entity’s compliance with the insurance laws, rules, and regulations of this state; and
(4) Designate only licensed individual public adjusters to exercise the business entity’s license.
(c) The commissioner may require any documents reasonably necessary to verify the information contained in the application.
  Previous section
Next section  
 Part 9 Contents