41-5801 Purpose and Scope
41-5802 Definitions
41-5803 License Required
41-5804 Exceptions to Licensing
41-5805 Application for License
41-5806 License Qualifications
41-5807 Examination
41-5808 Exemptions From Examination
41-5809 Nonresident License Reciprocity
41-5810 License
41-5811 License Denial, Nonrenewal or Revocation
41-5812 Bond or Letter of Credit
41-5813 Continuing Education
41-5814 Public Adjuster Fees
41-5815 Contract Between Public Adjuster and Insured
41-5816 Escrow or Trust Accounts
41-5817 Record Retention
41-5818 Standards of Conduct of Public Adjuster
41-5819 Reporting of Actions
41-5820 Rules
41-5821 Severability

Terms Used In Idaho Code > Title 41 > Chapter 58 - Public Adjuster Licensing Act

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Appraisal: A determination of property value.
  • Business entity: means a corporation, association, partnership, limited liability company, limited liability partnership or other legal entity. See Idaho Code 41-5802
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fingerprints: means an impression of the lines on the finger taken for purpose of identification. See Idaho Code 41-5802
  • Fraud: Intentional deception resulting in injury to another.
  • Home state: means the District of Columbia or any state or territory of the United States in which the public adjuster’s principal place of residence or principal place of business is located. See Idaho Code 41-5802
  • Individual: means a natural person. See Idaho Code 41-5802
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: means an individual or a business entity. See Idaho Code 41-5802
  • Personal property: includes money, goods, chattels, things in action, evidences of debt and general intangibles as defined in the uniform commercial code — secured transactions. See Idaho Code 73-114
  • Personal property: All property that is not real property.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Property: includes both real and personal property. See Idaho Code 73-114
  • Public adjuster: means any person who, for compensation or any other thing of value on behalf of the insured:
Idaho Code 41-5802
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories; and the words "United States" may include the District of Columbia and territories. See Idaho Code 73-114
  • Subpoena: A command to a witness to appear and give testimony.
  • Trust account: A general term that covers all types of accounts in a trust department, such as estates, guardianships, and agencies. Source: OCC