31A-26-406. Record retention requirements.
(1) A public adjuster shall keep at the public adjuster's address that the public adjuster registers with the commissioner a record of each investigation, adjustment, or transaction the public adjuster undertakes or completes under the public adjuster's license.
(2) For each investigation, adjustment, or transaction, a record described in Subsectionshall include: (1) the name of the insured; the date, location, and amount of the loss the insured incurs; a copy of the contract between the public adjuster and the insured; for each policy an insured carries that relates to the loss the insured incurs: the name of the insurer; the amount of the policy; the expiration date of the policy; and the number of the policy; an itemized statement of each of the insured's recoveries; an itemized statement of all compensation the public adjuster receives in connection with the investigation, adjustment, or transaction; a register of all money the public adjuster receives, deposits, disburses, or withdraws in connection with a transaction with an insured, including: a fee transfer; a disbursement from a trust account; or a transaction that involves an interest-bearing account; the name of the public adjuster that executed the contract; the name of the attorney that represents the insured, if applicable; the name of the insurance company's claims representative; and documentation that the public adjuster meets all applicable statutory financial responsibility requirements.