TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER ii: INSURANCE PRODUCERS, LIMITED INSURANCE REPRESENTATIVES AND BUSINESS ENTITIES
PART 3118 LICENSING OF PUBLIC ADJUSTERS
SECTION 3118.115 PERFORMANCE STANDARDS APPLICABLE TO ALL PUBLIC ADJUSTERS


 

Section 3118.115  Performance Standards Applicable to All Public Adjusters

 

a)         A public adjuster shall not allow any unlicensed individual or entity in which the public adjuster has any interest, or that will compensate the adjuster, to solicit a loss in violation of Section 1590(b) of the Code.

 

b)         A public adjuster shall not recommend any contractor unless the public adjuster first receives confirmation from the contractor that the contractor has liability insurance, a performance bond, any necessary licenses required to perform the particular work, and a written warranty of workmanship in the contractor's contract.

 

(Source:  Amended at 48 Ill. Reg. 7257, effective April 30, 2024)