40-5514 Contracts for services; requirements; disclosures; prohibitions.
40-5514. Contracts for services; requirements; disclosures; prohibitions. (a) Public adjusters shall ensure that all contracts for their services are in writing and contain the following: (1) Legible full name of the public adjuster signing the contract; (2) permanent home state business address and phone number of the public adjuster; (3) the public adjuster’s license number; […]
40-5515 Records of transactions.
40-5515. Records of transactions. (a) A public adjuster shall maintain a complete record of each transaction as a public adjuster. The records required by this section shall include the following: (1) Name of the insured; (2) date, location and amount of the loss; (3) copy of the contract between the public adjuster and insured; (4) […]
40-5516 Adjuster requirements; ethical requirements.
40-5516. Adjuster requirements; ethical requirements. (a) A public adjuster is obligated, under the public adjuster’s license, to serve with objectivity and complete loyalty, the interest of the insured only and to render to the insured such information, counsel and service, as within the knowledge, understanding and opinion in good faith of the public adjuster, as […]
40-5517 Reports of legal actions against adjuster.
40-5517. Reports of legal actions against adjuster. (a) The public adjuster shall report to the commissioner any administrative action taken against the public adjuster in another jurisdiction or by another governmental agency in this state within 30 days of the final disposition of the matter. This report shall include a copy of the order, consent […]
40-5518 Rules and regulations.
40-5518. Rules and regulations. The commissioner shall promulgate such reasonable rules and regulations as are necessary to carry out the provisions of this act. The commissioner shall adopt such rules and regulations by July 1, 2010. History: L. 2009, ch. 83, § 18; Apr. 23.
40-5519 Same; severability.
40-5519. Same; severability. If any provisions of this act, or the application of a provision to any person or circumstances, shall be held invalid, the remainder of the act, and the application of the provision to persons or circumstances other than those to which it is held invalid, shall not be affected. History: L. 2009, […]
40-5510 Suspension, revocation or nonrenewal of license; penalties.
40-5510. Suspension, revocation or nonrenewal of license; penalties. (a) The commissioner may suspend, revoke or refuse to issue or renew a public adjuster’s license for any of the following causes: (1) Providing incorrect, misleading, incomplete or materially untrue information in the license application; (2) violating: (A) Any provision of chapter 40 of the Kansas Statutes […]
40-5511 Evidence of financial responsibility.
40-5511. Evidence of financial responsibility. (a) Prior to issuance of a public adjuster license and for the duration of the license, the commissioner may require the applicant to furnish evidence of financial responsibility, in a format prescribed by the commissioner, by means of: (1) A surety bond executed and issued by an insurer authorized to […]
40-5512 Continuing education requirements.
40-5512. Continuing education requirements. (a) As used in this section: (1) “Biennial due date” means the last day of the month of the date of birth of any public adjuster who is required to complete continuing education credits and report the completion of the continuing education credits to the commissioner, except that such due date […]
40-5513 Allowable compensation for adjuster; prohibitions.
40-5513. Allowable compensation for adjuster; prohibitions. (a) No public adjuster shall charge, agree to or accept as compensation or reimbursement any payment, commission, fee or other thing of value equal to more than 10% of any insurance settlement or proceeds. (b) A public adjuster shall not pay a commission, service fee or other valuable consideration […]