{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-6216.2","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-6216.2","heading":"Contract for services of public adjuster -","body":"Cancellation.\n\nA. The insured has the right to cancel any compensation\n\nagreement entered into with a licensed public adjuster until\n\nmidnight of the third business day after the day on which the signed\n\nagreement was provided to the insured.\n\nB. Cancellation occurs when the insured gives written notice of\n\ncancellation to the licensed public adjuster at the address stated\n\nin the agreement between the parties. Notice of cancellation may be\n\ngiven by mail and is given when deposited in a United States mailbox\n\nproperly addressed and postage prepaid. Notice of cancellation must\n\ncontain the written intention of the insured to cancel the\n\nagreement. No liability accrues to the insured when the agreement\n\nis canceled within said period, except for reasonable expense\n\nincurred by the public adjuster in preserving the damaged premises\n\nduring the said three-day period. Anything of value given by the\n\ninsured under the contract shall be returned to the insured within\n\nfifteen (15) business days following the receipt by the public\n\nadjuster of the cancellation notice.\n\nC. Every contract for services to be rendered by a public\n\nadjuster shall contain the following statement. It shall be in\n\nboldface ten-point or larger type and located conspicuously on the\n\nfront face of the contract. \"THIS CONTRACT MAY BE CANCELED WITHIN\n\nTHREE (3) DAYS AFTER THE INSURED PARTY HAS RECEIVED AN ORIGINAL\n\nSIGNED COPY OF THIS AGREEMENT\".\n\nD. Every contract for services to be rendered by a public\n\nadjuster shall be in writing and contain the following information:\n\n1. Legible full name of the public adjuster signing the\n\ncontract, as specified in Insurance Department records;\n\n2. Permanent home state business address and phone number;\n\n3. Department license number;\n\n4. Title of \"Public Adjuster Contract\";\n\n5. The insured's full name, street address, insurance company\n\nname and policy number, if known or upon notification;\n\n6. A description of the loss and its location, if applicable;\n\n7. Description of services to be provided to the insured;\n\n8. Signatures of the public adjuster and the insured;\n\n9. Date contract was signed by the public adjuster and date the\n\ncontract was signed by the insured; and\n\n10. Full salary, fee, commission, compensation or other\n\nconsiderations the public adjuster is to receive for services\n\npursuant to the following guidelines:\n\na. if the compensation is based on a share of the\n\ninsurance settlement, the exact percentage shall be\n\nspecified,\n\nb. initial expenses to be reimbursed to the public\n\nadjuster from the proceeds of the claim payment shall\n\nbe specified by type, with dollar estimates set forth\n\nin the contract and with any additional expenses first\n\napproved by the insured,\n\nc. compensation provisions in a public adjusting contract\n\nshall not be redacted in any copy of a contract\n\nprovided to the Department upon request. Such a\n\nredaction shall constitute an omission of material\n\nfact, and\n\nd. the public adjuster and the insured shall both\n\nindicate their agreement to the compensation\n\nprovision(s) of the contract by initialing next to the\n\nprovision(s) in the contract.\n\nE. If the insurer, not later than seventy-two (72) hours after\n\nthe date on which the loss is reported to the insurer, either pays\n\nor commits in writing to pay to the insured a policy coverage\n\nlimit(s), the public adjuster shall, with respect to that coverage:\n\n1. Not receive a commission consisting of a percentage of the\n\ntotal amount paid by an insurer to resolve a claim;\n\n2. Inform the insured that loss recovery amount might not be\n\nincreased by insurer; and\n\n3. Be entitled only to reasonable compensation from the insured\n\nfor services provided by the public adjuster on behalf of the\n\ninsured, based on the time spent on a claim and expenses incurred by\n\nthe public adjuster, until the claim is paid or the insured receives\nount paid by an insurer to resolve a claim;\n\n2. Inform the insured that loss recovery amount might not be\n\nincreased by insurer; and\n\n3. Be entitled only to reasonable compensation from the insured\n\nfor services provided by the public adjuster on behalf of the\n\ninsured, based on the time spent on a claim and expenses incurred by\n\nthe public adjuster, until the claim is paid or the insured receives\n\na written commitment to pay from the insurer.\n\nF. A public adjuster contract may not contain any contract term\n\nthat:\n\n1. Allows the public adjuster’s percentage fee to be collected\n\nwhen money is due from an insurance company but not paid, or that\n\nallows a public adjuster to collect the entire fee from the first\n\ncheck issued by an insurance company, rather than as a percentage of\n\neach check issued by an insurance company;\n\n2. Requires the insured to authorize an insurance company to\n\nissue a check only in the name of the public adjuster;\n\n3. Imposes collection costs or late fees; or\n\n4. Precludes any party from pursuing civil remedies.\n\nG. At the time of signing, a public adjuster shall deliver to\n\nthe insured, in any manner acceptable to the insured and approved by\n\nthe Insurance Commissioner, a copy of the original executed\n\ncontract.\n\nH. A public adjuster contract may specify that the public\n\nadjuster shall be named as a joint payee on an insurer's payment of\n\na claim.\n\nI. The Insurance Commissioner reserves the right to approve\n\nforms of contracts containing language other than that specified in\n\nthis section if:\n\n1. Such language reasonably discloses to the insured the\n\nstatutory rights under this section and is otherwise consistent with\n\nall other provisions of law and regulations promulgated; or\n\n2. The Commissioner finds that the requirements of this section\n\nare, in the Commissioner's opinion, unnecessary due to the nature\n\nand scope of the business of the insured party to which the contract\n\nwill apply.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"3921124b604a095c7ade452393ce4387d38a5bbda34c0673936bedc2ab6f0416","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-6216.1","next":"us-ok/okla.-stat.-tit.-36-36-6217"},"notice":"GroundRules: Original legal text. Not legal advice."}