P.R. Laws tit. 26, § 952

2019-02-20 00:00:00+00
§ 952. Adjuster—Special rights to adjust

(1) A producer contracted by the insurer to act as his/her authorized representative may, on behalf of the insurer and by virtue of the authority which pursuant to the contract said insurer has conferred, act, from time to time, as adjuster and investigate, inform and liquidate claims without the need of having a license as adjuster; Provided, That he/she may not act as adjuster, nor investigate, inform or liquidate claims in relation to any policy, contract or insurance cover transacted or contracted because of his/her performance as producer.

(2) An authorized producer may assist persons insured through him/her with the transactions leading to the liquidation and adjustment of losses under said insurance without being authorized as an adjuster.

(3) No license from Puerto Rico shall be required of a nonresident independent adjuster for the adjustment in Puerto Rico of a single loss or of losses arising from a catastrophe common to all such losses.

(4) The Commissioner may grant a special emergency permit as adjuster to any person qualified for adjusting losses arising from a general catastrophe after the presentation of the application for the special permit in the form prescribed for doing so by the Commissioner. Such a permit shall be subject to compliance with the requirements and conditions established by the Commissioner and to the payment of the corresponding fees.

History —Ins. Code, added as § 9.310 on Jan. 19, 2006, No. 10, § 8, eff. 120 days after Jan. 19, 2006.