Florida Public Adjusters’ ‘Prompt Notice’ to Insurers Would Mean Five Days Under Proposed Rule
Apr 12, 2016
A proposed Rule published today, April 12, 2016, establishes a presumption that Florida’s statutory requirement that a public adjuster provides “prompt notice” of a claim to an insurer is satisfied if notice to the insurer is given within five business days after the date on which the contract for adjusting services with the insured was executed.
The Florida Division of Agent & Agency Services explained that requiring public adjusters to notify insurers of claims within a specified time period will assist insurers in the assessment and timely settlement of such claims.
Today’s Notice of Development of Rulemaking specifically addresses Rule 69B-220.051, entitled “Conduct of Public Adjusters.” The comment period has not yet been opened.
To view the Notice, click here.
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