Section 230-RICR-20-50-4.3 - DefinitionsA. As used in this Part: 1. "Aftermarket part" means a motor vehicle replacement part that is not an original equipment manufacturer part2. "Applicant" means a Person filing an application for a Rhode Island insurance claims adjuster license.3. "Catastrophic disaster," according to the Federal Response Plan, means an event that results in large numbers of deaths or injuries; causes extensive damage or destruction of facilities that provide and sustain human needs; produces an overwhelming demand on state and local response resources and mechanisms; causes a severe long-term effect on general economic activity; and severely affects state, local and private sector capabilities to begin and sustain response activities. A catastrophic disaster shall be declared by the President of the United States, the Governor of Rhode Island or the Insurance Commissioner of Rhode Island.4. "Company adjuster" means an insurance adjuster who is an employee of an insurance company.5. "Department" means the Department of Business Regulation and the Division of Insurance thereof.6. "Emergency adjuster" means a person who is authorized by the Department to perform adjusting activities in Rhode Island in the event of an emergency, catastrophe or state of disaster declared in Rhode Island pursuant to R.I. Gen. Laws § 27-10-8.7. "Home state" means the District of Columbia and any state or territory of the United States in which the adjuster maintains his or her principal place of residence or principal place of business is located. If neither the state in which the adjuster maintains the principal place of residence nor the state in which the adjuster maintains the principal place of business has a substantially similar law governing adjusters, the adjuster may declare another state in which it becomes licensed and acts as an adjuster to be the 'home state.'8. "Independent adjuster" means an insurance adjuster who is hired on a contract basis by an insurance company to represent the insurance company's interest in the settlement of the claim.9. "License" means the insurance adjuster license issued by the Department to a Person engaged in the business of insurance claims adjusting.10. "Licensee" means a Person holding an Insurance Adjuster License.11. "NAIC" means the National Association of Insurance Commissioners.12. "NIPR" means National Insurance Producer Registry.13. "Original equipment manufacturer part" or "OEM part" means a motor vehicle replacement part manufactured by the manufacturer of the motor vehicle being repaired.14. "Public adjuster" means any person who, for compensation or any other thing of value on behalf of the insured: a. Acts or aids, solely in relation to first party claims arising under insurance contracts, other than automobile, life, accident & health, that insure the real or personal property of the insured, on behalf of an insured in negotiating for, or effecting the settlement of, a claim for loss or damage covered by an insurance contract;b. Advertises for employment as a public adjuster of insurance claims or solicits business or represents himself or herself to the public as a public adjuster of first party insurance claims for losses or damages arising out of policies of insurance that insure real or personal property; orc. Directly or indirectly solicits business, investigates or adjusts losses, or advises an insured about first party claims for losses or damages arising out of policies of insurance that insure real or personal property for another person engaged in the business of adjusting losses or damages covered by an insurance policy, for the insured.15. "Resident" means a person who either resides in Rhode Island or maintains an office in Rhode Island where the business of producing insurance is transacted and designated Rhode Island as the residence for purposes of licensure.16. "Uniform individual application" means the current version of the NAIC Uniform Individual Application for resident and nonresident individuals.17. "Uniform business entity application" means the current version of the NAIC Uniform Business Entity Application for resident business entities.230 R.I. Code R. 230-RICR-20-50-4.3
Amended effective 6/11/2019