New York Public Adjuster Regulations
Complete guide to public adjuster licensing, fees, and regulations in New York. Regulated by the New York Department of Financial Services (DFS).
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Fees are capped at 12.5% of the recovery for services rendered on a claim (11 NYCRR 25.7). A public adjuster may charge up to 20% on a supplemental claim, provided the aggregate fee remains at or below 12.5% of the full claim payment. The fee is computed on monies paid by the insurer after the insured retains the adjuster.
Licensing Requirements
Continuing Education
15 credit hours per 2-year renewal cycle once the license has been in effect for more than two years (N.Y. Insurance Law § 2132).
Contract Requirements
Written contract required, signed before work begins. The contract and the adjuster's compensation must comply with Insurance Regulation 10 (11 NYCRR 25), including the standard fee schedule and disclosures.
Solicitation Rules
Public adjusters may not solicit or attempt to solicit a client during the progress of a loss-producing natural disaster or catastrophe.
Governing Statutes
N.Y. Insurance Law §§ 2101, 2108, 2132; Insurance Regulation 10 (11 NYCRR Part 25), maximum compensation at 11 NYCRR 25.7
Frequently Asked Questions
- How much can a public adjuster charge in New York?
- Fees are capped at 12.5% of the recovery for services rendered on a claim (11 NYCRR 25.7). A public adjuster may charge up to 20% on a supplemental claim, provided the aggregate fee remains at or below 12.5% of the full claim payment. The fee is computed on monies paid by the insurer after the insured retains the adjuster.
- How do I verify a public adjuster's license in New York?
- You can verify a public adjuster's license through the New York Department of Financial Services (DFS) at https://www.dfs.ny.gov/apps_and_licensing/agents_and_brokers/lic_app_ia_pa
- What are the licensing requirements for public adjusters in New York?
- Public adjusters in New York must pass a licensing exam, obtain a $1,000 surety bond, and complete 15 credit hours per 2-year renewal cycle once the license has been in effect for more than two years (N.Y. Insurance Law § 2132)..
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