TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
SUBCHAPTER ii: INSURANCE PRODUCERS, LIMITED INSURANCE REPRESENTATIVES AND REGISTERED FIRMS
PART 3118 LICENSING OF PUBLIC ADJUSTERS
SECTION 3118.90 FILING FOR RATE SCHEDULE OF CHARGES FOR SERVICES


 

Section 3118.90  Filing for Rate Schedule of Charges for Services

 

All public adjusters shall file with the Director prior to July 1, 1982 a Rate Schedule of Charges for Services.  Any changes subsequent to July 1, 1982 shall also be filed with the Director prior to their use.

 

a)         All filing required under the above must be accompanied by duplicate copies of a rate submission letter that includes:

 

1)         the name of the public adjuster making the filing.

 

2)         notification of whether the filing is new or supersedes a present filing.

 

3)         the effective date of use.

 

b)         Rate Schedule of Charges for Services submitted by partnerships, associations or corporations that will be used by other public adjusters engaged or employed by those partnerships, associations or corporations must, in addition to meeting the other requirements of this Section, be accompanied by a list of these public adjusters, including their name and license identification number.

 

c)         A public adjuster client shall not be required by the licensed public adjuster, or its agent, to pay higher fees to the public adjuster if the client does not elect to work with the contractor or vendor preferred or primarily recommended by the public adjuster.  A licensed public adjuster, or its agent, shall present to the public adjuster client not fewer than two good faith, competitive bids for any contractor, vendor or service provider recommended to the client by the public adjuster.

 

(Source:  Amended at 30 Ill. Reg. 19367, effective November 29, 2006)