An Arizona government adjuster, David Young, sent me an administrative case in Florida for my review. He stated that it appeared that Florida required the parties to an assessment to employ licensed adjusters or public adjusters.
The petitioner is the Florida Department of Financial Services, and one of the paragraphs in the Consent Order stated:
in assessments related to claims governed by the Florida Insurance Code without a license and appointment as an adjuster; given that the petitioner claims that such assessments are governed by the requirements for adjustment licenses. adjuster disqualified from acting as a valuer for someone other than a policyholder? There I wrote:
The public adjuster Stephanie Lee contacted me at the Win The Storm conference with an intriguing question ̵1; could she be appointed by a contractor who holds a receivable assignment as the contractor's valuer in a valuation? My first thought, and I bet it's the same thought most people read this blog, was & # 39; why not? & # 39;
Most states only require one person to be sane and body, not employed by any of the parties or relatives with blood and without direct financial interest in the outcome, to be the valuer. There are many variants of this rule, which usually involve bias, but this is the one that is relevant to this discussion.
Valuers in an insurance assessment procedure are not adjusters. They do not adjust the statement. Adjusting a requirement is very different from what participants in an assessment are required to do. Insurance regulators may need to attend some continuing education courses at next month's Windstorm Conference or IAUA training seminar to learn more about these differences between adjustment and assessment and how assessments are an alternative dispute resolution process.
Think. For The Day
When you can not judge based on your own experience, the temptation to make mistakes is minimized, but even when you can think the assessment is mainly useful as an assessment of the valuer.