Circular Letter No. 5 (2000)
February 4, 2000
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TO: |
All licensed insurers |
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RE: |
Insurers Adjusting Claims on Behalf of Other Insurers |
It has come to the attention of the Department that not all insurers which are adjusting accident and health and/or property/casualty claims on behalf of other insurers are properly licensed as independent adjusters.
The purpose of this circular letter is to remind licensed insurers of their responsibility to obtain the appropriate independent adjusters license pursuant to N.Y. Ins. Law Section 2108 and Regulation 25 (11 NYCRR 26) when adjusting accident and health and/or property/casualty claims on behalf of other insurers.
Please direct all inquiries concerning this circular letter to:
Rochelle Katz, Associate Attorney
New York State Insurance Department
25 Beaver Street
New York, NY 10004
Very truly yours,
Kevin M. Rampe
Deputy Superintendent and
General Counsel