A. Each independent adjuster shall keep at the business address shown on his license a record of all transactions under the license. The record shall include:
(1) the documents relating to all investigations or adjustments undertaken, and
(2) a statement of any fee, commission or other compensation received or to be received by the adjuster on account of such investigation or adjustment.
B. The adjuster shall make such records available for examination by the superintendent at all reasonable times, and shall retain records as to a particular investigation or adjustment for not less than three (3) years after completion of such investigation or adjustment.
History: Laws 1984, ch. 127, ยง 238.
Structure New Mexico Statutes
Section 59A-13-1 - Scope of article.
Section 59A-13-2 - Definitions.
Section 59A-13-3 - License required.
Section 59A-13-3.1 - Examination for license.
Section 59A-13-4 - Qualifications for license as adjuster.
Section 59A-13-6 - Emergency adjusters.
Section 59A-13-7 - Separate license; independent, staff adjusters.
Section 59A-13-8 - Powers conferred by adjuster license.
Section 59A-13-9 - Place of business.
Section 59A-13-10 - Records of independent adjuster.
Section 59A-13-11 - Resident claims representative for payment of workers' compensation claims.
Section 59A-13-12 - Continuing education.
Section 59A-13-13 - Prohibited conduct regarding the adjustment and repair of property damage.
Section 59A-13-14 - Standards of conduct.
Section 59A-13-15 - Contract between public adjuster and insured.