Terms Used In Iowa Code > Chapter 522C - Licensing of Public Adjusters

• Business entity: means a corporation, association, partnership, limited liability company, limited liability partnership, or any other legal entity. See Iowa Code 522C.2
• Commissioner: means the commissioner of insurance. See Iowa Code 522C.2
• 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.
• Electronic: means the same as defined in section 554D. See Iowa Code 554E.1
• First-party claim: means a claim filed by a person insured under the insurance policy against which the claim is made. See Iowa Code 522C.2
• following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
• Individual: means a natural person. See Iowa Code 522C.2
• 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.
• 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 Iowa Code 522C.2
• personal property: include money, goods, chattels, evidences of debt, and things in action. See Iowa Code 4.1
• Personal property: All property that is not real property.
• Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
• property: includes personal and real property. See Iowa Code 4.1
• Public adjuster: means any person who for compensation or any other thing of value acts on behalf of an insured by doing any of the following:
   a. See Iowa Code 522C.2
• Rule: includes "regulation". See Iowa Code 4.1
• 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 said district and territories. See Iowa Code 4.1
• Uniform business entity application: means the current version of the national association of insurance commissioners' uniform business entity application for resident and nonresident business entities. See Iowa Code 522C.2
• Uniform individual application: means the current version of the national association of insurance commissioners' uniform individual application for resident and nonresident individuals. See Iowa Code 522C.2