Utah Admin. Code 590-274-6

Current through Bulletin 2024-19, October 1, 2024

Section R590-274-6 - Contract Requirements

(1) A contract shall contain the following:

(a) the name of the company that employs the public adjuster;

(b) the mailing and physical addresses of the public adjuster's principal place of business;

(c) the public adjuster's telephone and fax numbers;

(d) the license number of the public adjuster and the employer;

(e) the public adjuster's email address;

(f) the public adjuster's website, if applicable;

(g) the date and time the contract was signed and, if applicable, the service of process address for a nonresident public adjuster;

(h) a general description of services the public adjuster will provide under the contract;

(i) a description of the claim, property damage, location, and event;

(j) if based on an hourly rate, a provision that the public adjuster shall provide an invoice for services that includes a detailed listing of service provided and separate costs payable to the public adjuster as part of any commission based on the claim settlement, including expenses, direct costs, and any other accrued costs; and

(k) any term or condition that applies to the contract.

(2) A contract may not contain a term or condition that limits or nullifies any law.

(3) A signed copy of the contract shall be provided to the insured at the time of signing.

Utah Admin. Code R590-274-6

Adopted by Utah State Bulletin Number 2017-18, effective 8/23/2017

Adopted by Utah State Bulletin Number 2023-15, effective 7/25/2023