Section 10-401 - Definitions. - Maryland Statutes

§ 10-401. Definitions.
 

(a)  In general.- In this subtitle the following words have the meanings indicated. 

(b)  Business entity.- "Business entity" has the meaning stated in § 10-101(b) of this title. 

(c)  License.- "License" means a license issued by the Commissioner to act as a public adjuster. 

(d)  Public adjuster.-  

(1) "Public adjuster" means a person that: 

(i) solicits business or represents itself to the public as an adjuster of first party insurance claims for losses or damages arising under insurance contracts that insure the real or personal property, or both, of an insured; 

(ii) receives compensation for investigating, appraising, evaluating, or otherwise giving advice or help to an insured in the adjustment of claims for losses or damages arising under insurance contracts that insure the real or personal property, or both, of an insured; or 

(iii) for compensation, directly or indirectly, solicits business, investigates or adjusts losses, or advises an insured about insurance claims for losses or damages arising under insurance contracts that insure the real or personal property, or both, of an insured for another person engaged in the business of adjusting losses or damages arising under insurance contracts that insure the real or personal property, or both, of an insured. 

(2) "Public adjuster" does not include a person that investigates, adjusts, or appraises claims for loss or damage covered by a motor vehicle insurance policy. 
 

[An. Code 1957, art. 48A, § 181; 1995, ch. 36; 2004, chs. 290, 291.]