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 3118.25 DEFINITIONS


 

Section 3118.25  Definitions

 

"Adjusting Insurance Claims" means negotiating values, damages, or depreciation or applying the loss circumstances to insurance policy provisions.

 

"Code" means the Illinois Insurance Code [215 ILCS 5].

 

"Department" means the Illinois Department of Insurance.

 

"Director" means the Director of the Illinois Department of Insurance.

 

"Fingerprints" means an impression of the lines on the finger taken for the purpose of identification.  The impression may be electronic or in ink converted to electronic format.

 

"Person" means an individual or a business entity and includes an individual, aggregation of individuals, corporation, association and partnership.

 

"Public Adjuster" or "Public Insurance Adjuster" means any person who, for compensation or any other thing of value, on behalf of the insured:

 

acts or aids, solely in relation to first party claims arising under insurance contracts that insure the real or personal property of the insured, in adjusting a claim for loss or damage covered by an insurance contract;

 

advertises for employment as a public adjuster of insurance claims or solicits business or represents himself or herself to the public as a public adjuster of first party insurance claims for losses or damages arising out of policies of insurance that insure real or personal property; or

 

directly or indirectly solicits business, investigates or adjusts losses, or advises an insured about first party claims for losses or damages arising out of policies of insurance that insure real or personal property for another person engaged in the business of adjusting losses or damages covered by an insurance policy for the insured.

 

(Source:  Amended at 39 Ill. Reg. 1528, effective January 9, 2015)