Minnesota Catastrophe or Emergency Adjuster Law went into effect in August 1, 2010.
An insurer must file a written statement to the department for an emergency adjuster. The statement may be sent electronically to the commissioner. An insurer must notify the commissioner via registration of each independent adjuster not already licensed in Minnesota that will act as an emergency independent adjuster on behalf of the insurer. The insurer must provide evidence that:
- The insurer expects to incur at least 500 claims as a result of the event; or
- The magnitude of the event is expected to generate twice the mean number of claims for one month for the affected area.
A person who is qualified to adjust claims, but not already licensed in Minnesota, may act as an emergency independent adjuster and adjust claims, if, within five days of deployment to adjust claims arising from the catastrophe, the insurer or the independent adjuster’s employer notifies the commissioner by providing the following information:
- Individual’s name
- Individual’s social security number
- Name of the insurer the independent adjuster will represent
- Effective date of the contract between the insurer and independent adjuster or the independent adjuster’s employer
- Catastrophe loss control number
- Catastrophe name
- Any other information the commissioner deems necessary.
A Minnesota emergency independent adjuster’s license or registration remains in force for 180 days and will be effective for all catastrophes as long as the insurer has followed the requirements. The license or registration may be extended for 180 days.
The insurance licensing information provided on this blog is not legal advice and the reader is advised to consult an attorney regarding application of this information in any particular situation.
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