PURPOSE: This rule sets out the scope of the rules in this chapter and provides definitions to aid in the interpretation of the rules in this chapter.

1. (1) Applicability of Rules. The rules in this chapter apply to public adjusters transacting the business of insurance in this state under Chapter 325, RSMo. The rules shall be read together with Chapter 536, RSMo.

2. (2) Definitions.

   1. (A) “Director,” the director of the department.
   2. (B) “Department,” the Department of Insurance, Financial Institutions and Professional Registration.
   3. (C) “Adjustment or settlement of claims,” the negotiation with an insurer on behalf of an insured as to the amount or extent of a loss covered by a policy of fire or allied lines of insurance and the acts of representing the insured or speaking on behalf of the insured toward any agent or other person granted the authority to adjust claims by an insurer.
   4. (D) “Insurer,” an insurance company organized under the laws of this state, or another state or country, and transacting the business of insurance in this state.
   5. (E) “License,” the authority granted by the director to any person to transact business as a public adjuster or public adjuster solicitor.
   6. (F) “Licensee,” a person authorized under a license by this state to act as a public adjuster or public adjuster solicitor.
   7. (G) “NAIC,” the National Association of Insurance Commissioners.
   8. (H) “NIPR,” the National Insurance Producer Registry.

AUTHORITY: sections 325.050 and 374.045, RSMo 2000.* Original rule filed Nov. 30, 2007, effective July 30, 2008.

*Original authority: 325.050, RSMo 1973 and 374.045, RSMo 1967, amended 1993, 1995.