Terms used in the Insurance Adjusters Licensing Act are defined as follows:

1. 1. "Commissioner" means the Insurance Commissioner of the state or his or her lawfully authorized representative;
2. 2. "Adjuster" means either an insurance adjuster or a public adjuster;

3. 3. "Insurance adjuster" means any person, firm, association, company, or legal entity that acts in this state for an insurer, and that investigates claims, adjusts losses, negotiates claim settlements, or performs incidental duties arising pursuant to the provisions of insurance contracts on behalf of an insurer and includes:

   1. a. "Independent adjusters", meaning any insurance adjuster that suggests or presents to the insurance industry and public that said adjuster acts as an adjuster for a fee or other compensation, and
   2. b. "Company or staff adjusters", meaning adjusters who engage in the investigation, adjustment, and negotiation of claims as salaried employees of an insurer;
4. 4. "Public adjuster" means any person, firm, association, company, or corporation that suggests or presents to members of the public that said public adjuster represents the interests of an insured or third party for a fee or compensation. Public adjusters may investigate claims and negotiate losses to property only; and
5. 5. "Insurer" means any authorized insurance company, corporation, reciprocal group, mutual group, underwriting association or bureau, or any combination thereof, writing or underwriting any insurance contracts.

Amended by Laws 1983, HB 1341, c. 129, § 1, eff. November 1, 1983; Amended by Laws 1997, SB 327, c. 418, § 113, eff. November 1, 1997 (superseded document available).