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ARIZONA HOUSE OF REPRESENTATIVES57th Legislature, 2nd Regular Session |
Senate: RAGE DPA 7-0-0-0 | Third Read 27-0-3-0-0 |
SB1415: insurance adjuster license; eligibility
Sponsor: Senator Bolick, LD 2
Committee on Commerce
Overview
Establishes requirements for salaried employees of insurers or managing general agents to be eligible for Arizona adjuster licensure without taking the state examination.
History
The Arizona Department of Insurance and Financial Institutions (DIFI) oversees the licensing and regulation of insurance professionals including adjusters.
An adjuster is an individual who, for compensation, fee or commission, adjusts, investigates or negotiates settlement of claims arising under property and casualty insurance contracts on behalf of either the insurer or the insured. To obtain an adjuster license in Arizona, an individual must apply to DIFI and meet the following qualifications: 1) be at least 18 years of age; 2) be an Arizona resident or a resident of another state that allows residents of this state to act as adjusters in the other state; and 3) take and pass an examination that is given by or under the supervision of the director of DIFI and that reasonably tests the applicant's knowledge of insurance and legal responsibilities as an adjuster. Out-of-state licensed adjusters sent by an insurer to investigate a specific loss or a series of losses resulting from a common catastrophe are exempt from licensure (A.R.S. §§ 20-321, 20-321.01).
Provisions
1. Prescribes specified qualifications for salaried employees of insurers or managing general agents to be eligible for licensure as an adjuster without taking the Arizona adjuster examination. (Sec. 1)
2. Requires a salaried employee, to be eligible for licensure without taking the examination, to submit an application to DIFI by June 30, 2027. (Sec. 1)
3. Limits a person who has obtained licensure without taking the examination to only adjust claims as a salaried employee of an insurer or managing general agent. (Sec. 1)
4. Prohibits a person who has obtained licensure without taking the examination from adjusting claims on behalf of an insured or on behalf of an insurer in a capacity other than as a salaried employee of the insurer or a managing general agent. (Sec. 1)
5. Specifies an adjuster license that was issued without the examination requirement is valid and renewable only while the licensee adjust claims as a salaried employee of the licensed insurer or managing general agent. (Sec. 1)
6. Requires an individual who wishes to act or claim to be an adjuster to apply for and obtain a license as an adjuster. (Sec. 1)
7. Defines salaried employee. (Sec. 1)
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11. Initials PB SB 1415
12. 2/20/2026 Page 0 Commerce
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