Changes to Licensing Requirements for Adjusters Who Handle Subrogation Claims

CT state seal STATE OF CONNECTICUT INSURANCE DEPARTMENT Bulletin L-20 September 4, 2012 To: ALL INSURERS LICENSED IN THE STATE OF CONNECTICUT Re: CHANGES TO LICENSING REQUIREMENTS FOR ADJUSTERS WHO HANDLE SUBROGATION CLAIMS. The Insurance Department ("Department") has reevaluated its position with regard to whether entities or individuals engaged in the negotiation and settlement of subrogation claims witllln the state of Connecticut, or related to Connecticut insureds, are required to be licensed as casualty adjuster. Having given due consideration to information about the subrogation process presented by a number of insurance companies, the Department has reached the conclusion that the entities or individuals who are hired or employed by an insurance company ("Company") to pursue a subrogation claim against the insurer of a third party tortfeasor and to recover moneys that the Company paid to its own policyholder under an insurance claim, or who handle and negotiate subrogation demands made against the Company's own policyholders, are not required to be licensed as casualty adjusters in this state. To the extent that entities and individuals engaged in the subrogation process are no longer required to hold a casualty adjuster's license, Bulletin L-14, issued on February 15,2005; Bulletin L-15, issued on January 5, 2006; and Bulletin L-19, issued on May 21, 2012, are hereby rescinded. iLfJ'tJ? Thomas B. Leonardi Insurance Commissioner www.ct.gov/cid P.O. Box 816 • Hartford, CT06J42-0816 An Equal Opportunity Employer