31A-26-406. Record retention requirements.
257 words·~1 min read·
/ut/title-31a/chapter-26/31a-26-406A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/6/2026
31A-26-406. Record retention requirements.
(1)A public adjuster shall keep at the public adjuster's address that the public adjuster registers with the commissioner a record of each investigation, adjustment, or transaction the public adjuster undertakes or completes under the public adjuster's license.
(2)For each investigation, adjustment, or transaction, a record described in Subsection
(1)shall include:
(a)the name of the insured;
(b)the date, location, and amount of the loss the insured incurs;
(c)a copy of the contract between the public adjuster and the insured;
(d)for each policy an insured carries that relates to the loss the insured incurs:
(i)the name of the insurer;
(ii)the amount of the policy;
(iii)the expiration date of the policy; and
(iv)the number of the policy;
(e)an itemized statement of each of the insured's recoveries;
(f)an itemized statement of all compensation the public adjuster receives in connection with the investigation, adjustment, or transaction;
(g)a register of all money the public adjuster receives, deposits, disburses, or withdraws in connection with a transaction with an insured, including:
(i)a fee transfer;
(ii)a disbursement from a trust account; or
(iii)a transaction that involves an interest-bearing account;
(h)the name of the public adjuster that executed the contract;
(i)the name of the attorney that represents the insured, if applicable;
(j)the name of the insurance company's claims representative; and
(k)documentation that the public adjuster meets all applicable statutory financial responsibility requirements.
Enacted by Chapter 45 , 2026 General Session