Indiana § 27-1-27-20 - Public adjuster contract rescindable

§ 27-1-27-20. Public adjuster contract rescindable

Sec. 20. (a) An insured may rescind a contract between the insured and a public adjuster at any time not more than three (3) business days after the day on which the insured submits to the insurer the claim to which the contract relates.

(b) An insured may rescind a contract with a public adjuster by notifying the public adjuster in writing of the insured's decision to rescind the contract. The written notification must be transmitted to the adjuster by:

(1) registered or certified mail, return receipt requested, sent to the address of the public adjuster shown on the contract;

(2) personally serving the notice on the public adjuster; or

(3) sending an electronic mail to the public adjuster at the electronic mail address shown on the contract.

(c) If the insured exercises the right to rescind a contract under this section, the public adjuster shall return to the insured anything of value that the insured gave to the public adjuster under the contract before the recission of the contract. The public adjuster shall return things of value to the insured under this section not more than fifteen (15) business days after the day on which the public adjuster receives notice under subsection (b) of the insured's decision to rescind the contract.

As added by P.L.226-2023, SEC.15.

IC 27-1-28Chapter 28. Independent Adjuster Licensing

27-1-28-1Governance 27-1-28-2Administrative rules 27-1-28-3Automated claims adjudication system 27-1-28-4Catastrophe 27-1-28-5Home state 27-1-28-6Independent adjuster 27-1-28-7NAIC 27-1-28-8Repealed 27-1-28-9Repealed 27-1-28-10Independent adjuster licensure and exemption 27-1-28-11Temporary emergency independent adjuster licensure 27-1-28-12Resident individual independent adjuster licensure 27-1-28-13Resident business entity independent adjuster licensure 27-1-28-14Qualifications; renewal; fees; expiration; content of license; change of information; contract for administration 27-1-28-15Written exam; exceptions 27-1-28-16Nonresident licensure 27-1-28-17Issuance of nonresident license 27-1-28-18Penalties; refusal of license renewal 27-1-28-19Continuing education 27-1-28-20Contracts 27-1-28-21Duties 27-1-28-22Reports to commissioner of administrative and criminal actions 27-1-28-23Certification of automated claims adjudication system 27-1-28-24Deposit of fees