(1) As used in this chapter:(1) “Cost-containment measure” means a process or practice of controlling and managing expenses of the State Captive Insurance Program established under § 25-45-103 by reducing or limiting the amount of spending required to administer the program and remain within specific and preplanned budgetary constraints;(2) “Insured entity” means a public school or state agency insured under this chapter;(3) (A) “Public insurance adjuster” means:(i) An individual who, for direct, indirect, or any other compensation: (a) Acts on behalf of an insured in negotiating for or effecting the settlement of a claim or claims for loss or damage under a policy of insurance covering real or personal property; or (b) On behalf of any other public insurance adjuster, investigates, settles, or adjusts, advises, or assists an insured with a claim or claims for loss or damage under any policy of insurance covering real or personal property; or(ii) An individual who advertises, solicits business, or holds himself or herself out to the public as an adjuster of claims for loss or damage under any policy of insurance covering real or personal property.(B) “Public insurance adjuster” does not mean an individual employed by the program or employed for the benefit of the program;(4) “Public school” means a public elementary school, a public secondary school, an education service cooperative, an open-enrollment public charter school, or a state-supported institution of higher education; and(5) “State agency” means any state agency, board, bureau, commission, council, department, division, institution, or other similar entity.
(1) “Cost-containment measure” means a process or practice of controlling and managing expenses of the State Captive Insurance Program established under § 25-45-103 by reducing or limiting the amount of spending required to administer the program and remain within specific and preplanned budgetary constraints;
(2) “Insured entity” means a public school or state agency insured under this chapter;
(3) (A) “Public insurance adjuster” means:(i) An individual who, for direct, indirect, or any other compensation: (a) Acts on behalf of an insured in negotiating for or effecting the settlement of a claim or claims for loss or damage under a policy of insurance covering real or personal property; or (b) On behalf of any other public insurance adjuster, investigates, settles, or adjusts, advises, or assists an insured with a claim or claims for loss or damage under any policy of insurance covering real or personal property; or(ii) An individual who advertises, solicits business, or holds himself or herself out to the public as an adjuster of claims for loss or damage under any policy of insurance covering real or personal property.(B) “Public insurance adjuster” does not mean an individual employed by the program or employed for the benefit of the program;
(A) “Public insurance adjuster” means:(i) An individual who, for direct, indirect, or any other compensation: (a) Acts on behalf of an insured in negotiating for or effecting the settlement of a claim or claims for loss or damage under a policy of insurance covering real or personal property; or (b) On behalf of any other public insurance adjuster, investigates, settles, or adjusts, advises, or assists an insured with a claim or claims for loss or damage under any policy of insurance covering real or personal property; or(ii) An individual who advertises, solicits business, or holds himself or herself out to the public as an adjuster of claims for loss or damage under any policy of insurance covering real or personal property.
(i) An individual who, for direct, indirect, or any other compensation: (a) Acts on behalf of an insured in negotiating for or effecting the settlement of a claim or claims for loss or damage under a policy of insurance covering real or personal property; or (b) On behalf of any other public insurance adjuster, investigates, settles, or adjusts, advises, or assists an insured with a claim or claims for loss or damage under any policy of insurance covering real or personal property; or
(a) Acts on behalf of an insured in negotiating for or effecting the settlement of a claim or claims for loss or damage under a policy of insurance covering real or personal property; or
(b) On behalf of any other public insurance adjuster, investigates, settles, or adjusts, advises, or assists an insured with a claim or claims for loss or damage under any policy of insurance covering real or personal property; or
(ii) An individual who advertises, solicits business, or holds himself or herself out to the public as an adjuster of claims for loss or damage under any policy of insurance covering real or personal property.
(B) “Public insurance adjuster” does not mean an individual employed by the program or employed for the benefit of the program;
(4) “Public school” means a public elementary school, a public secondary school, an education service cooperative, an open-enrollment public charter school, or a state-supported institution of higher education; and
(5) “State agency” means any state agency, board, bureau, commission, council, department, division, institution, or other similar entity.