Illinois Compiled Statutes 215 Insurance: Article XLV - Public Adjusters

• Illinois Insurance Code. - 215 ILCS 5, Section 1501
  Short title. This Article may be cited as the Public Adjusters Law. (Source: P.A. 96-1332, eff. 1-1-11.)
• Illinois Insurance Code. - 215 ILCS 5, Section 1505
  Purpose and scope. This Article governs the qualifications and procedures for the licensing of public adjusters. It specifies the duties of and restrictions on public...
• Illinois Insurance Code. - 215 ILCS 5, Section 1510
  Definitions. In this Article: "Adjusting a claim for loss or damage covered by an insurance contract" means negotiating values, damages, or depreciation or applying the...
• Illinois Insurance Code. - 215 ILCS 5, Section 1515
  License required. (a) A person shall not act, advertise, solicit, or hold himself out as a public adjuster or to be in the business of...
• Illinois Insurance Code. - 215 ILCS 5, Section 1520
  Application for license. (a) A person applying for a public adjuster license shall make application to the Director on the appropriate uniform application or other...
• Illinois Insurance Code. - 215 ILCS 5, Section 1525
  Resident license. (a) Before issuing a public adjuster license to an applicant under this Section, the Director shall find that the applicant: (1) is eligible...
• Illinois Insurance Code. - 215 ILCS 5, Section 1530
  Examination. (a) An individual applying for a public adjuster license under this Article must pass a written examination unless he or she is exempt pursuant...
• Illinois Insurance Code. - 215 ILCS 5, Section 1535
  Exemptions from examination. (a) An individual who applies for a public adjuster license in this State who was previously licensed as a public adjuster in...
• Illinois Insurance Code. - 215 ILCS 5, Section 1540
  Nonresident license reciprocity. (a) Unless denied licensure pursuant to Section 1555 of this Article, a nonresident person shall receive a nonresident public adjuster license if:...
• Illinois Insurance Code. - 215 ILCS 5, Section 1545
  License. (a) Unless denied licensure under this Article, persons who have met the requirements of this Article shall be issued a public adjuster license. (b)...
• Illinois Insurance Code. - 215 ILCS 5, Section 1555
  License denial, nonrenewal, or revocation. (a) The Director may place on probation, suspend, revoke, deny, or refuse to issue or renew a public adjuster's license...
• Illinois Insurance Code. - 215 ILCS 5, Section 1560
  Bond or letter of credit. (a) Prior to the issuance of a license as a public adjuster and for the duration of the license, the...
• Illinois Insurance Code. - 215 ILCS 5, Section 1563
  Fees. (a) The fees required by this Article are as follows: (1) Public adjuster license fee of $250, payable once every 2 years. (2) Business...
• Illinois Insurance Code. - 215 ILCS 5, Section 1565
  Continuing education. (a) An individual who holds a public adjuster license and who is not exempt under subsection (b) of this Section shall satisfactorily complete...
• Illinois Insurance Code. - 215 ILCS 5, Section 1570
  Public adjuster fees. (a) A public adjuster shall not pay a commission, service fee, or other valuable consideration to a person for investigating or settling...
• Illinois Insurance Code. - 215 ILCS 5, Section 1575
  Contract between public adjuster and insured. (a) Public adjusters shall ensure that all contracts for their services are in writing and contain the following terms:...
• Illinois Insurance Code. - 215 ILCS 5, Section 1580
  Escrow or trust accounts. A public adjuster who receives, accepts, or holds any funds on behalf of an insured towards the settlement of a claim...
• Illinois Insurance Code. - 215 ILCS 5, Section 1585
  Record retention. (a) A public adjuster shall maintain a complete record of each transaction as a public adjuster. The records required by this Section shall...
• Illinois Insurance Code. - 215 ILCS 5, Section 1590
  Standards of conduct of public adjuster. (a) A public adjuster is obligated, under his or her license, to serve with objectivity and complete loyalty for...
• Illinois Insurance Code. - 215 ILCS 5, Section 1595
  Reporting of actions. (a) The public adjuster shall report to the Director any administrative action taken against the public adjuster in another jurisdiction or by...
• Illinois Insurance Code. - 215 ILCS 5, Section 1600
  Examinations. (a) The Director shall have the power to examine any applicant or any person licensed or registered pursuant to this Article. (b) Every person...
• Illinois Insurance Code. - 215 ILCS 5, Section 1605
  Injunctive relief. Any person who acts as or holds himself out to be a public adjuster without holding a valid and current license to do...
• Illinois Insurance Code. - 215 ILCS 5, Section 1610
  Additional penalties. In addition to any other penalty set forth in this Article, any person violating Section 1605 of this Code shall be guilty of...
• Illinois Insurance Code. - 215 ILCS 5, Section 1615
  Rules. The Director shall promulgate reasonable rules as are necessary or proper to carry out the purposes of this Article. (Source: P.A. 96-1332, eff. 1-1-11.)

Last modified: February 18, 2015