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For Questions, Changes or Clarifications regarding the Adjuster Licensing information, please send an email to licensing@theclm.org

Last Reviewed / Modified On 19 Sep 2017.

IOWA ADJUSTER LICENSING INFORMATION

License Types

Public Adjuster

"Public adjuster" means any person who for compensation or any other thing of value acts on behalf of an insured by doing any of the following:
a. Acting for or aiding an insured in negotiating for or effecting the settlement of a first-party claim for loss or damage to real or personal property of the insured.
b. Advertising for employment as a public adjuster of first-party insurance claims or otherwise soliciting business or representing to the public that the person is a public adjuster of first-party insurance claims for loss or damage to real or personal property of an insured.
c. Directly or indirectly soliciting business investigating or adjusting losses, or advising an insured about first-party claims for loss or damage to real or personal property of the insured.
Public adjusters are licensed in Iowa.
License type: Individual and Business Entity

Licensing Requirements

Requirements

See the requirements stated in ‘How to Apply’ section below.

Reciprocity

Unless denied licensure pursuant to rule 55.12(82GA,HF499), an individual for whom Iowa is not the individual’s home state, but whose home state awards nonresident public adjuster licenses to residents of Iowa on the same basis, must satisfy the following requirements to obtain an Iowa nonresident public adjuster license:
a.Be licensed as a resident public adjuster and in good standing in the individual’s home state;
b.Submit a proper request for licensure to the division through the NIPR Gateway; and
c.Pay the appropriate fees required, as set forth in rule 55.20(82GA,HF499).

Pre Licensing Education

A resident individual applying for a public adjuster license under this chapter shall pass a written examination, unless exempt pursuant to rule 55.7(82GA,HF499).

Bond Requirement

Requires Adjuster Bond.
Type of Adjuster: Public Adjusters
Amount: $20,000
Bond Expiration information: Data Not Available
Link to Forms: http://www.dps.state.ia.us/asd/pi/pibondform.pdf

How to Apply

License of individual. A resident individual acting as a public adjuster is required to obtain a resident public adjuster license.
Application shall be made using the uniform individual application. Before approving the application, the division shall find that the applicant:
a.Either is eligible to designate this state as the individual’s home state, or is a nonresident who is not eligible for a license under rule 55.8(82GA,HF499);
b.Has not committed any act that is a ground for denial, suspension or revocation of a license as set forth in rule 55.17(82GA,HF499); c.Is trustworthy, reliable, and of good reputation, evidence of which may be determined by the division;
d.Is financially responsible to exercise the license and has provided proof of financial responsibility as required in rule 55.10(82GA,HF499);
e.Has paid the fees set forth in rule 55.20(82GA,HF499);
f.Maintains an office in the home state of residence with public access by reasonable appointment or regular business hours;
g.Is at least 18 years of age; and
h.Has successfully passed the public adjuster examination pursuant to rule 55.6(82GA,HF499).
License of business entity. A business entity acting as a public adjuster is required to obtain a public adjuster license. Application shall be made using the uniform business entity application. Before approving the application, the division shall find that the business entity has:
a.Paid the fees set forth in rule 55.20(82GA,HF499);
b.Designated a licensed public adjuster responsible for the business entity’s compliance with the insurance laws, rules and regulations of this state; and
c.Designated a licensed individual public adjuster responsible for the business entity’s compliance with the insurance laws, rules, and regulations of this state.

Maintaining Your License

Renewal

A public adjuster license shall remain in effect for a term of two years, unless revoked, terminated or suspended, and may be continually renewed as long as the request for renewal is received, the fee set forth in rule 55.20(82GA,HF499) is paid, and any other requirements for license renewal are met by the renewal due date.
The license term shall be as follows:
a.For an individual public adjuster, the two-year-and-one-month period of time beginning on the first day of the public adjuster’s birth month and ending on the last day of the public adjuster’s birth month in the renewal year.
b.For a business entity public adjuster, the two-year-and-one-month period of time, including the year of application, beginning on the first day of the month of the business entity’s

Continuing Education

No CE requirement for independent adjusters.
An individual who holds a public adjuster license shall satisfactorily complete a minimum of 24 credits of continuing education, including 2 credits of ethics, reported on a biennial basis in conjunction with the license renewal cycle. “Credit” means 50 minutes of instruction or reading material in an acceptable topic of continuing education.
This rule shall not apply to a licensed public adjuster holding a nonresident public adjuster license who has met the continuing education requirements of the adjuster’s home state and whose home state gives credit to residents of this state on the same basis.
Only continuing education courses approved by the division pursuant to 191—Chapter 11, substituting “public adjuster” for “insurance producer,” shall be used to satisfy the continuing education requirement of subrule 55.11(1).

Fees       

License Fee$50
Renewal Fee$50
Fingerprint FeeThe fee for obtaining an electronic fingerprint pursuant to subrule 55.4(3) shall be set by the outside vendor under contract with the division and approved by the division.

Contact

Iowa Insurance Division 330 Maple St. Des Moines, IA 50319-0065
Des Moines Area: 515-281-5705
Toll Free (within Iowa): 877-955-1212
Fax: 515-281-3059
http://www.iid.state.ia.us

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