RULES AND REGULATIONS public adjusters
Tue UNrrep STATES VIRGIN ISLANDS Orricr or tire LIZUTENANT GOVERNOR KENNETH E. MAPP LizuTENANT GOVERNOR October 20, 1995 THE HONORABLE ROY L. SCHNEIDER Governor United States Virgin Islands Government House, Charlotte Amalie St. Thomas, U.S. Virgin Islands 00802 Dear Governor Schneider: Transmitted herewith are Rules and Regulations promulgated with regard to the maximum fee which may be charged residential insureds by public adjusters. In light of the fact that numerous public adjusters have been licensed in the Territory in the wake of Hurricane Marilyn, these regulations are deemed in the public interest and for the protection of policyholders in the Territory. Commercial insureds are not included in this regulation since they are well equipped to negotiate their business affairs. However, due to the compelling circumstances of this matter and in the interest of our residents, it is urged that these regulations become effective October 1, 1995. …
Download the original document · Plain text (TXT) · Browse the archive · How this archive works
Original source: https://web.archive.org/web/20180127174254id_/http://ltg.gov.vi:80/downloads/forms/b&i/RULES_AND_REGULATIONS_public_adjusters.pdf
SHA-256 c834b5b4f771ae441afa80758b2ef8f9da11fca1207ddfdb6437c5b30b08c16a
Re-using this document
A public record of the Government of the Virgin Islands, published by the agency itself. No copyright is asserted on it and 17 U.S.C. § 105 does not reach territorial government, so it publishes as a territorial public record.
Our description, tagging, arrangement, extracted text and machine transcripts are released under CC0 1.0. We assert nothing about the document itself.
Archive identifier LF-c834b5b4f771
Document text
Tue UNrrep STATES VIRGIN ISLANDS Orricr or tire LIZUTENANT GOVERNOR KENNETH E. MAPP LizuTENANT GOVERNOR October 20, 1995 THE HONORABLE ROY L. SCHNEIDER Governor United States Virgin Islands Government House, Charlotte Amalie St. Thomas, U.S. Virgin Islands 00802 Dear Governor Schneider: Transmitted herewith are Rules and Regulations promulgated with regard to the maximum fee which may be charged residential insureds by public adjusters. In light of the fact that numerous public adjusters have been licensed in the Territory in the wake of Hurricane Marilyn, these regulations are deemed in the public interest and for the protection of policyholders in the Territory. Commercial insureds are not included in this regulation since they are well equipped to negotiate their business affairs. However, due to the compelling circumstances of this matter and in the interest of our residents, it is urged that these regulations become effective October 1, 1995. This is critical since some public adjusters have been successful in coercing some residents into paying them as much as 14% of insurance proceeds received. ; If you have any questions or comments, please advise. Sincerely K ETH E. MAPP Lieutenant Governor Konorns Ganz No. 18 > GHARLOTTE AMALIE « ST. THOMAS, VIRGIN ISLANDS 00802 ¢ (BOO) 774-2091 + Fax (600) 774-G953 1131 Kino Streer, Surtr 101 + GHRISTIANSTED « St. GROIX. VIRGIN ISLANDS 00820-4070 « (800) 773-6440 « Fax (600) 772-0830 | Pursuant to the p owers vested in me by Section 11 of the Revised Organic | Act of 1954, as amended, and Title 3, Chapter 3 5, Virgin Islands Code, the above | Rules and Regulations are hereby approved. a | Dated: / Sess: YL. SCHNEIDER Governor United States Virgin Islands lj | I ly quill eft) ir os