Insurers Adjusting Claims on Behalf of Other Insurers

Circular Letter No. 5 (2000) February 4, 2000 TO: All licensed insurers 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 adjuster’s 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