31A-26-102 - Definitions.
31A-26-102. Definitions.
As used in this chapter, unless expressly provided otherwise:
(1) "Company adjuster" means a person employed by an insurer whose regular dutiesinclude insurance adjusting.
(2) "Independent adjuster" means an insurance adjuster required to be licensed underSection 31A-26-201, who engages in insurance adjusting as a representative of insurers.
(3) "Insurance adjusting" or "adjusting" means directing the investigation, negotiation, orsettlement of a claim under an insurance policy, on behalf of an insurer, policyholder, or aclaimant under an insurance policy.
(4) "Organization" means a person other than a natural person, and includes a soleproprietorship by which a natural person does business under an assumed name.
(5) "Public adjuster" means a person required to be licensed under Section 31A-26-201,who engages in insurance adjusting as a representative of insureds and claimants under insurancepolicies.
Amended by Chapter 20, 1995 General Session