KRS 304.9-435: Records to be maintained by public adjusters.

(1) A public adjuster shall maintain a complete record of each transaction as a public

adjuster. The records required by this section shall include the following:

(a) The name of the insured;

(b) The date, location, and amount of the loss;

(c) A copy of the contract between the public adjuster and insured;

(d) The name of the insurer and the amount, expiration date, and number of each

policy carried with respect to the loss;

(e) An itemized statement of the insured's recoveries;

(f) An itemized statement of all compensation received by the public adjuster,

from any source whatsoever, in connection with the loss;

(g) A register of all money received, deposited, disbursed, or insured, including

fees transfers and disbursements from a trust account and all transact ions

concerning all interest-bearing accounts;

(h) The name of the public adjuster who executed the contract;

(i) The name of the attorney representing the insured, if applicable, and the name

of the claims representatives of the insurer; and

(j) Evidence of financial responsibility, in a format prescribed by the

commissioner.

(2) An independent adjuster shall maintain a copy of each contract between the

independent adjuster and the insurer or self -insurer and comply with the record

retention policy as agreed to in the contract.

(3) Records shall be maintained by a public adjuster for at least five (5) years after the

termination of a transaction with an insured and shall be open to examination by the

commissioner at all times.