Insurance - Claims Adjuster Licence
Financial and Consumer Services Commission
Overview
Any person who acts as an adjuster by offering, promising or attempting to act as an adjuster or who claims in any manner to be authorized to act in that capacity must have a valid license in New Brunswick, whether that person is a resident of the province or not. This applies to all types of adjusting, whether the adjusting is done in person, in writing, or over the telephone.. An adjuster directly or indirectly solicits the right to negotiate the settlement of a loss under a contract of insurance on behalf of the insured or the insurer, or holds himself out as an adjuster of losses under such contracts.
Eligibility
Applicants must complete a prescribed course of studies offered by the Insurance Institute of Canada as outlined in the Adjusters Regulation - Insurance Act (regulation 2009-52) and pass the exams for the coursework.
Description
Level 1 Probationary Adjuster - Authorized to act as an adjuster with respect to any claim with respect to which his or her supervisor is authorized by licence to act.
Level 2 Assistant Adjuster - Authorized to act as an adjuster with respect to any claim with respect to which his or her supervisor is authorized by licence to act.
Level 3 Property Damage Adjuster - Specializing in property damage claims is authorized to act as an adjuster with respect to first or third party claims arising out of damage to or loss of property of any kind which is or is alleged to be covered by a policy of insurance or security having as its primary purpose the insuring of property, unless the claims arise under a policy of automobile insurance or ocean marine insurance.
Level 3 Automobile Physical Damage Adjuster - Specializing in automobile physical damage claims is authorized to act as an adjuster with respect to first or third party claims arising out of damage to property resulting from the ownership, possession or use of any kind of self-propelled vehicle which is or is alleged to be covered by a policy of automobile insurance.
Level 3 Automobile Accident Benefit Adjuster - Specializing in automobile accident benefit claims is authorized to act as an adjuster with respect to accident benefit claims arising under a policy of automobile insurance.
Level 3 Bodily Injury Adjuster - Specializing in bodily injury claims is authorized to act as an adjuster with respect to third party claims arising out of any bodily injury or death.
Level 4 General Adjuster - Authorized to act as an adjuster with respect to any claim that may be adjusted by a level 3 licensee specializing in property damage, automobile physical damage, automobile accident benefits or bodily injury.
Fees
Unless otherwise specified, Fees exclude the harmonized sales tax (HST).
| Fee Description | Rate in $ | Effective Date YYYY-MM-DD | |
|---|---|---|---|
| Fees shall be submitted with the application or renewal thereof. Level 1 and Level 2 licences expire on the anniversary of the licence issue date. Level 3 and Level 4 licences expire on June 30th of each year. Fees are as follows: | |||
| Level 1 Probationary Adjuster Licence | 10.00 | 2009-07-01 | |
| Level 2 Assistant Adjuster Licence | 10.00 | 2009-07-01 | |
| Level 3 Property Damage Adjuster Licence | 15.00 | 2009-07-01 | |
| Level 3 Automobile Physical Damage Adjuster Licence | 15.00 | 2009-07-01 | |
| Level 3 Automobile Accident Benefit Adjuster Licence | 15.00 | 2009-07-01 | |
| Level 3 Bodily Injury Adjuster Licence | 15.00 | 2009-07-01 | |
| Level 4 General Adjuster Licence | 35.00 | 2009-07-01 | |
| Certificate of Proof of a Licence | 10.00 | 1984-01-01 | |
| Copy of a lost licence | 5.00 | 1984-01-01 | |
| Contact Information | Location |
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