Florida § 626.875 - Office and records.

§ 626.875. Office and records.

(1)(a) Each appointed independent adjuster and licensed public adjuster must maintain a place of business in this state which is accessible to the public and keep therein the usual and customary records pertaining to transactions under the license. This provision does not prohibit maintenance of such an office in the home of the licensee. (b) A license issued under this chapter must at all times be posted in a conspicuous place in the principal place of business of the licenseholder. If the licensee is conducting business away from the place of business such that the license cannot be posted, the licensee shall have such license in his or her actual possession at the time of carrying on such business. (2) The records of the adjuster relating to a particular claim or loss shall be so retained in the adjuster’s place of business for a period of not less than 5 years after completion of the adjustment and shall be available for inspection by the department between the hours of 8 a.m. and 5 p.m., Monday through Friday, excluding state holidays. This provision shall not be deemed to prohibit return or delivery to the insurer or insured of documents furnished to or prepared by the adjuster and required by the insurer or insured to be returned or delivered thereto. At a minimum, the following records must be maintained for a period of not less than 5 years: (a) Name, address, telephone number, and e-mail address of the insured, and the name of the attorney representing the insured, if applicable. (b) The date, location, and amount of the loss. (c) An unaltered copy of the executed disclosure document required by s. 626.8796. (d) An unaltered copy of the executed public adjuster contract required by s. 626.8796. (e) A copy of the estimate of damages provided to the insurer. (f) The name of the insurer; the name of the claims representative of the insurer; and the amount, expiration date, and number of each policy under which the loss is covered. (g) An itemized statement of the recoveries by the insured from the sources known to the adjuster. (h) An itemized statement of all compensation received by the public adjuster from any source in connection with the loss. (i) A register of all money received, deposited, disbursed, and withdrawn in connection with a transaction with the insured, including fees, transfers, and disbursements in connection with the loss.