New York Codes, Rules and Regulations
Title 11 - INSURANCE
Chapter II - Agents, Brokers And Adjusters
Part 26 - Independent Adjusters
Section 26.5 - Prohibition as to methods of doing business

Universal Citation: 11 NY Comp Codes Rules and Regs ยง 26.5
Current through Register Vol. 46, No. 12, March 20, 2024

No independent adjuster licensee or sublicensee shall divide any fee or give any fee, commission or other compensation to any person, firm or corporation for procuring or assisting in procuring the adjustment of any loss for such licensee or sublicensee, unless the person, firm or corporation to whom such fee, commission or other compensation is given or paid had at the time when the loss occurred, an independent adjuster's license issued and in force pursuant to section 2108 of the Insurance Law. No such licensee or sublicensee shall be employed or associated with any person, partnership, corporation, member, officer, director or stockholder, whose license as an independent adjuster has been revoked by the Superintendent of Insurance of New York. Any violation of this Part shall be deemed a ground for refusal to issue or renew, or for revocation or suspension of, an independent adjuster's license.

Disclaimer: These regulations may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.