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2021 Georgia Code
Title 33 - Insurance
Chapter 23 - Licensing
Article 1 - Agents, Agencies, Subagents, Counselors, and Adjusters
§ 33-23-43.5. Complete Record of Transactions; Retention and Examination
Universal Citation: GA Code § 33-23-43.5 (2021)
- A public adjuster shall keep a complete record in this state of each of such adjuster's transactions as a public adjuster. The records shall include each of the following:
- The name of the insured;
- The date, location, and amount of the loss;
- A copy of the contract between the public adjuster and the insured;
- The name of the insurer and the amount, expiration date, and number of each policy under which the loss is covered;
- An itemized statement of the recoveries by the insured from the sources known to the public adjuster;
- The total compensation received for the adjustment; and
- An itemized statement of disbursements made by the license holder from recoveries received on behalf of the insured.
- Records required to be kept under this Code section shall be:
- Maintained in this state for at least five years after the termination of a transaction with the insured; and
- Open to examination by the Commissioner.
(Code 1981, §33-23-43.5, enacted by Ga. L. 2021, p. 365, § 4/HB 254.)
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