Adjuster Requirements
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Definition
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| An "adjuster" is an individual or firm
(corporation, partnership, or other business entity), who for compensation as
an independent contractor, or as the employee of an independent contractor or
for fee or commission, investigates and negotiates settlement of claims arising
under insurance contracts on behalf of the insurer. |
Exemptions
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A licensed attorney who is qualified to practice law in the state of Alabama.
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A salaried employee of an insurer.
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Qualifications
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Firms and individuals may become licensed
adjusters. Individuals must:
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Be 19 years of age or more.
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Be a full-time salaried employee of a licensed adjuster or a graduate of a
recognized law school or must have experience or special education or training
in the handling of loss claims under insurance contracts of sufficient duration
and reasonable extent to make him or her competent to fulfill the
responsibilities of an adjuster.
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Be trustworthy and of good character.
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Have and maintain in this state an office accessible to the public and keep
therein the usual and customary records pertaining to transactions under the
license. (
Section 27-9-8, Code of Alabama, 1975)
NOTE: Non-resident individuals and non-Alabama firms must permit Alabama
resident adjusters and Alabama firms to act as adjusters in their home state.
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Initial Licensing Process
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Application Form AL-90 must be completed and accompanied with a fee of $100.00
(an application fee of $20.00 and a license fee of $80.00).
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Once the application has been approved and fees paid, the individual is
licensed. NOTE:
No examination is required.
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Application and $100.00 fee should be mailed to:
Alabama Department of
Insurance
P O Box 830704
Birmingham, AL 35283-0704 Please make checks payable to
Commissioner of Insurance, State of Alabama.
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Adjuster Renewal Process Beginning 2007
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Adjuster licenses are continuous subject to payment of a $80.00 annual renewal
fee. Currently, no continuing education is required for license
renewal. Renewed adjusters can be verified on our web site at
www.aldoi.gov. Renewal licenses can be printed (after 7 to 10 days)
from the website, www.aldoi.gov , click on
Online Services and then click Print Your License. |
FOR LICENSES PREVIOUSLY RENEWED OR NEWLY ISSUED
BEFORE OCTOBER 1:
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On or about October 1 of each year, a renewal form is sent to all adjusters
subject to renewal.
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Renewal form and $80.00 renewal fee are due by December 31.
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If renewal form and fee are not received by December 31, a late fee of $20.00
will also be due, for a TOTAL AMOUNT DUE of $100.00.
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Adjuster licenses will expire effective December 31 if TOTAL
AMOUNT DUE is not received by February 15
.
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If your license expires, you must submit a new Form AL-90 (Application for
Adjuster's License) with applicable fee.
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FOR LICENSES NEWLY ISSUED BETWEEN OCTOBER 1 AND
DECEMBER 31:
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On or about January 2 of each year, a supplemental renewal form is sent to all
adjusters subject to renewal.
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Renewal form and $80.00 renewal fee must be received by February 15.
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Adjuster licenses will expire effective December 31 if fees are not
received by February 15.
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If your license expires, you must submit a new Form AL-90 (Application for
Adjuster's License) with applicable fee.
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Fees
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Application Fee - $20.00
License Fee - $80.00
TOTAL INITIAL FEE - $100.00
Biennial License Renewal Fee - $80.00 |
