RIMS, a risk management society, is supporting the Claims Licensing Advancement for Interstate Matters Act. Introduced to the U.S. House of Representatives, the legislation encourages the National Association of Insurance Commissioners to establish uniformity and reciprocity among states that license insurance claims adjusters.
The CLAIM Act calls for the NAIC to adopt and administer a multi-state examination for independent claims adjusters seeking to adjust claims in jurisdictions other than their home states, according to RIMS. States without licensing requirements for independent claims adjusters would not be obligated to adopt any such requirements. The change in policy would impact the adjustment of property, casualty, disability and/or workers’ compensations claims.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access