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The Office of Financial and Insurance Regulation issues
A. NAME OF PERMIT OR APPROVAL:
Adjusting Agency Registration
B. STATUTORY AUTHORITY:
The Insurance Code of 1956 - Chapter 12
C. APPLICABLE REGULATION:
PA 218 of 1956 The Insurance Code of 1956
D. SUMMARY OF PERMIT/APPROVAL PROCESS:
1. Applicability (activities that require the permit)
Adjusting Firms are entities formed to coordinate and organize the services of multiple Adjusters, both Adjusters for the Insured and Insurance Adjusters. Adjusting firms are not licensed but are registered by the State of Michiganand associated with Adjusters for address and phone number purposes. An Adjuster of either type can (1) work independently, (2) work for an adjusting firm, or (3) work for more than one adjusting firm. No provision of the Insurance Code prohibits an Adjuster from being both types of Adjusters simultaneously.
2. Pre-Application Requirements
N/A
3. Application Submission Requirements
To register an adjusting firm, submit a signed letter, on company letterhead, stating the following:
- firm name
- FEIN
- address
- contact name
- telephone number
- fax number
- Whether the firm is an adjuster for the insured or insurance adjuster type of firm
Mail the above to:
OFIR Licensing PO Box 30220 Lansing, MI 48909-7720
4. Procedures and Time-Frame for Obtaining Permit or Approval
Applications are reviewed and approved within 2 weeks of receipt by our office, unless further information is requested.
5. Operational Requirements
Any change in registration must be submitted, in writing to our office.
6. Fees
There are no fees for registering an Adjusting Agency.
7. Appeal Process
Not applicable
8. Public Input Opportunities
We encourage consumers to first attempt to resolve disputes directly with their financial service entity. If a resolution cannot be reached, our office can try to help resolve a dispute. A complaint form must be completed for for the type of financial service you are having difficulty with.
E. Contact Information:
Contact Us
Creation/Revision Date:
October 6, 2010
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