R590-274-6. Contract Requirements

  (1) The contract must contain the following:

  (a) the name of the company that employs the public adjuster;

  (b) the mailing and physical address of the public adjuster's principal place of business;

  (c) the public adjuster's telephone and fax number;

  (d) the license number of the public adjuster and the Employer;

  (e) the public adjuster's email address;

  (f) the public adjuster's website, if applicable;

  (g) the date and time the contract was signed and, if applicable, the service of process address for nonresident public adjusters;

  (h) a general description of services the public adjuster will provide under the contract;

  (i) a description of the claim, property damage, location, and event;

  (j) if based on an hourly rate, a provision that the public adjuster will provide an invoice for services that includes a detailed listing of service provided and separate costs payable to the public adjuster as part of any commission based on the claim settlement, including expenses, direct costs, and any other accrued costs; and

  (k) all terms or conditions that apply to the contract.

  (2) The contract may not contain any terms or conditions that have the effect of limiting or nullifying any requirements of the law.

  (3) A signed copy of the contract must be provided to the insured at the time of signing.