Rhode Island Code of Regulations › Title 230 - Department of Business Regulation › Chapter 20 - Insurance › Subchapter 50 - INSURANCE PRODUCERS AND OTHER NON INSURER LICENSEES › Part 4 - Insurance Claim Adjusters › Section 230-RICR-20-50-4.3 - Definitions

Current through June 14, 2024
A. As used in this Part:
1. "Aftermarket part" means a motor vehicle
				  replacement part that is not an original equipment manufacturer part
2. "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; or
c. 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.