(1) The commissioner shall license as a public adjuster only an individual who has otherwise complied with this article and who has furnished evidence satisfactory to the commissioner that:(a) He is at least twenty-one (21) years of age;(b) He is a bona fide resident of this state, or is a resident of a state which will permit residents of this state to act as public adjusters in such other state;(c) He is trustworthy, reliable, and of good reputation, evidence of which shall be determined through an investigation of the commissioner;(d) He has had experience or special education or training with reference to the handling of loss claims under insurance contracts of sufficient duration and extent to make him competent to fulfill the responsibilities of a public adjuster;(e) He has successfully passed an examination as required by the commissioner in accordance with this article or has been exempted according to the provisions of this article;(f) Has not committed any act that is a ground for probation, suspension, revocation, or refusal of a license as set forth in Section 83-17-519;(g) Has successfully passed the examination for the adjuster license and the applicable line of authority for which the individual has applied;(h) Has paid the fees pursuant to Section 27-15-97; and(i) Is financially responsible to exercise the license. To demonstrate financial responsibility, a person applying for a public adjuster license shall:(i) Obtain a bond or irrevocable letter of credit prior to issuance of a license and shall maintain the bond or letter of credit for the duration of the license with the following limits:1. A surety bond executed and issued by an insurer authorized to issue surety bonds in Mississippi, which bond shall: a. Be in the minimum amount of Fifty Thousand Dollars ($50,000.00);b. Be in favor of the State of Mississippi;c. Specifically authorize recovery of any person in Mississippi who sustained damages as the result of the public adjuster’s erroneous acts, failure to act, conviction of fraud, or conviction for unfair trade practices in his or her capacity as a public adjuster; andd. Not be terminated unless written notice is given to the licensee at least thirty (30) days prior to the termination; or2. An irrevocable letter of credit issued by a qualified financial institution, which letter of credit shall:a. Be in the minimum amount of Fifty Thousand Dollars ($50,000.00);b. Be subject to lawful levy of execution on behalf of any person to whom the public adjuster has been found to be legally liable as the result of erroneous acts, failure to act, conviction of fraud, or conviction for unfair practices in his or her capacity as a public adjuster; andc. Not be terminated unless written notice is given to the licensee at least thirty (30) days prior to the termination.(ii) The commissioner may ask for evidence of financial responsibility at any time the commissioner deems relevant.(iii) If the evidence of financial responsibility terminates or becomes impaired, the public adjuster license shall: 1. Automatically terminate; and2. Be promptly surrendered to the commissioner without demand.
(a) He is at least twenty-one (21) years of age;
(b) He is a bona fide resident of this state, or is a resident of a state which will permit residents of this state to act as public adjusters in such other state;
(c) He is trustworthy, reliable, and of good reputation, evidence of which shall be determined through an investigation of the commissioner;
(d) He has had experience or special education or training with reference to the handling of loss claims under insurance contracts of sufficient duration and extent to make him competent to fulfill the responsibilities of a public adjuster;
(e) He has successfully passed an examination as required by the commissioner in accordance with this article or has been exempted according to the provisions of this article;
(f) Has not committed any act that is a ground for probation, suspension, revocation, or refusal of a license as set forth in Section 83-17-519;
(g) Has successfully passed the examination for the adjuster license and the applicable line of authority for which the individual has applied;
(h) Has paid the fees pursuant to Section 27-15-97; and
(i) Is financially responsible to exercise the license. To demonstrate financial responsibility, a person applying for a public adjuster license shall:(i) Obtain a bond or irrevocable letter of credit prior to issuance of a license and shall maintain the bond or letter of credit for the duration of the license with the following limits:1. A surety bond executed and issued by an insurer authorized to issue surety bonds in Mississippi, which bond shall: a. Be in the minimum amount of Fifty Thousand Dollars ($50,000.00);b. Be in favor of the State of Mississippi;c. Specifically authorize recovery of any person in Mississippi who sustained damages as the result of the public adjuster’s erroneous acts, failure to act, conviction of fraud, or conviction for unfair trade practices in his or her capacity as a public adjuster; andd. Not be terminated unless written notice is given to the licensee at least thirty (30) days prior to the termination; or2. An irrevocable letter of credit issued by a qualified financial institution, which letter of credit shall:a. Be in the minimum amount of Fifty Thousand Dollars ($50,000.00);b. Be subject to lawful levy of execution on behalf of any person to whom the public adjuster has been found to be legally liable as the result of erroneous acts, failure to act, conviction of fraud, or conviction for unfair practices in his or her capacity as a public adjuster; andc. Not be terminated unless written notice is given to the licensee at least thirty (30) days prior to the termination.(ii) The commissioner may ask for evidence of financial responsibility at any time the commissioner deems relevant.(iii) If the evidence of financial responsibility terminates or becomes impaired, the public adjuster license shall: 1. Automatically terminate; and2. Be promptly surrendered to the commissioner without demand.
(i) Obtain a bond or irrevocable letter of credit prior to issuance of a license and shall maintain the bond or letter of credit for the duration of the license with the following limits:1. A surety bond executed and issued by an insurer authorized to issue surety bonds in Mississippi, which bond shall: a. Be in the minimum amount of Fifty Thousand Dollars ($50,000.00);b. Be in favor of the State of Mississippi;c. Specifically authorize recovery of any person in Mississippi who sustained damages as the result of the public adjuster’s erroneous acts, failure to act, conviction of fraud, or conviction for unfair trade practices in his or her capacity as a public adjuster; andd. Not be terminated unless written notice is given to the licensee at least thirty (30) days prior to the termination; or2. An irrevocable letter of credit issued by a qualified financial institution, which letter of credit shall:a. Be in the minimum amount of Fifty Thousand Dollars ($50,000.00);b. Be subject to lawful levy of execution on behalf of any person to whom the public adjuster has been found to be legally liable as the result of erroneous acts, failure to act, conviction of fraud, or conviction for unfair practices in his or her capacity as a public adjuster; andc. Not be terminated unless written notice is given to the licensee at least thirty (30) days prior to the termination.
1. A surety bond executed and issued by an insurer authorized to issue surety bonds in Mississippi, which bond shall: a. Be in the minimum amount of Fifty Thousand Dollars ($50,000.00);b. Be in favor of the State of Mississippi;c. Specifically authorize recovery of any person in Mississippi who sustained damages as the result of the public adjuster’s erroneous acts, failure to act, conviction of fraud, or conviction for unfair trade practices in his or her capacity as a public adjuster; andd. Not be terminated unless written notice is given to the licensee at least thirty (30) days prior to the termination; or
a. Be in the minimum amount of Fifty Thousand Dollars ($50,000.00);
b. Be in favor of the State of Mississippi;
c. Specifically authorize recovery of any person in Mississippi who sustained damages as the result of the public adjuster’s erroneous acts, failure to act, conviction of fraud, or conviction for unfair trade practices in his or her capacity as a public adjuster; and
d. Not be terminated unless written notice is given to the licensee at least thirty (30) days prior to the termination; or
2. An irrevocable letter of credit issued by a qualified financial institution, which letter of credit shall:a. Be in the minimum amount of Fifty Thousand Dollars ($50,000.00);b. Be subject to lawful levy of execution on behalf of any person to whom the public adjuster has been found to be legally liable as the result of erroneous acts, failure to act, conviction of fraud, or conviction for unfair practices in his or her capacity as a public adjuster; andc. Not be terminated unless written notice is given to the licensee at least thirty (30) days prior to the termination.
a. Be in the minimum amount of Fifty Thousand Dollars ($50,000.00);
b. Be subject to lawful levy of execution on behalf of any person to whom the public adjuster has been found to be legally liable as the result of erroneous acts, failure to act, conviction of fraud, or conviction for unfair practices in his or her capacity as a public adjuster; and
c. Not be terminated unless written notice is given to the licensee at least thirty (30) days prior to the termination.
(ii) The commissioner may ask for evidence of financial responsibility at any time the commissioner deems relevant.
(iii) If the evidence of financial responsibility terminates or becomes impaired, the public adjuster license shall: 1. Automatically terminate; and2. Be promptly surrendered to the commissioner without demand.
1. Automatically terminate; and
2. Be promptly surrendered to the commissioner without demand.
(2) (a) A business entity applying for a resident public adjuster license shall make an application to the commissioner on the appropriate uniform business entity application, in a form or format prescribed by the commissioner.(b) An applicant under paragraph (a) of this subsection shall declare under penalty of suspension, revocation, or refusal of the license that the statements made in the application are true, correct, and complete to the best of the business entity’s knowledge and belief.(c) Before approving an application submitted under paragraph (a) of this subsection, the commissioner shall find that the business entity:(i) Is eligible to designate Mississippi as its home state;(ii) Has designated a licensed adjuster or public adjuster responsible for the business entity’s compliance with the insurance laws and regulations of Mississippi;(iii) Has not committed an act that is a ground for probation, suspension, revocation, or refusal of a public adjuster’s license as set forth in Section 83-17-519; and(iv) Has paid the privilege tax pursuant to Section 27-15-97.
(a) A business entity applying for a resident public adjuster license shall make an application to the commissioner on the appropriate uniform business entity application, in a form or format prescribed by the commissioner.
(b) An applicant under paragraph (a) of this subsection shall declare under penalty of suspension, revocation, or refusal of the license that the statements made in the application are true, correct, and complete to the best of the business entity’s knowledge and belief.
(c) Before approving an application submitted under paragraph (a) of this subsection, the commissioner shall find that the business entity:(i) Is eligible to designate Mississippi as its home state;(ii) Has designated a licensed adjuster or public adjuster responsible for the business entity’s compliance with the insurance laws and regulations of Mississippi;(iii) Has not committed an act that is a ground for probation, suspension, revocation, or refusal of a public adjuster’s license as set forth in Section 83-17-519; and(iv) Has paid the privilege tax pursuant to Section 27-15-97.
(i) Is eligible to designate Mississippi as its home state;
(ii) Has designated a licensed adjuster or public adjuster responsible for the business entity’s compliance with the insurance laws and regulations of Mississippi;
(iii) Has not committed an act that is a ground for probation, suspension, revocation, or refusal of a public adjuster’s license as set forth in Section 83-17-519; and
(iv) Has paid the privilege tax pursuant to Section 27-15-97.
(3) (a) A nonresident person applying for a nonresident public adjuster license must show:(i) The person is currently licensed in good standing as a public adjuster in their home state;(ii) The person has submitted the proper request for licensure and has paid the fees required by Section 25-17-97;(iii) The person has submitted the uniform individual application, in a form or format prescribed by the commissioner; and(iv) The person’s designated home state issues nonresident public adjuster licenses to persons of Mississippi on the same basis.(b) The commissioner may:(i) Verify an applicant’s licensing status through any appropriate database, including the database maintained by the National Association of Insurance Commissioners, its affiliates, or subsidiaries; or(ii) Request certification of an applicant’s good standing.
(a) A nonresident person applying for a nonresident public adjuster license must show:(i) The person is currently licensed in good standing as a public adjuster in their home state;(ii) The person has submitted the proper request for licensure and has paid the fees required by Section 25-17-97;(iii) The person has submitted the uniform individual application, in a form or format prescribed by the commissioner; and(iv) The person’s designated home state issues nonresident public adjuster licenses to persons of Mississippi on the same basis.
(i) The person is currently licensed in good standing as a public adjuster in their home state;
(ii) The person has submitted the proper request for licensure and has paid the fees required by Section 25-17-97;
(iii) The person has submitted the uniform individual application, in a form or format prescribed by the commissioner; and
(iv) The person’s designated home state issues nonresident public adjuster licenses to persons of Mississippi on the same basis.
(b) The commissioner may:(i) Verify an applicant’s licensing status through any appropriate database, including the database maintained by the National Association of Insurance Commissioners, its affiliates, or subsidiaries; or(ii) Request certification of an applicant’s good standing.
(i) Verify an applicant’s licensing status through any appropriate database, including the database maintained by the National Association of Insurance Commissioners, its affiliates, or subsidiaries; or
(ii) Request certification of an applicant’s good standing.
(4) For applications made under this section, the commissioner may require additional information or submissions from applicants; and obtain any documents or information reasonably necessary to verify the information contained in an application.