West Virginia amended its adjuster requirements. The changes go into effect on June 11, 2010.
The changes include:
- permitting an adjuster to designate a home state
- establishing a new crop adjuster license and its qualifications
- revising the requirements for nonresident adjusters
- revising licensing renewal requirements
- requiring notification by adjusters of legal actions taken against them
- granting the Insurance Commissioner the authority to examine the business practices of persons holding or applying for adjuster licenses
- clarifying the hearing process to be used concerning adverse administrative actions
- providing for placing an adjuster on probation for violation of the provisions of the chapter or rules
- providing for suspension or revocation of license for failure to pay administrative penalty
- increasing maximum administrative penalty for violations
- providing for judicial review.
Information is posted on the West Virginia Office of the Commissioner website at: http://www.wvinsurance.gov/. Look for the link under Headlines And Events.
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