SC Claims Adjuster Practice Questions - South Carolina Claims Adjuster Exam

Oral contracts are sufficient if the fee is under 10% The contract must be in writing and include required disclosures; the insured may rescind within five business days; and compensation may not exceed 10% of the settlement The insurer must pay the public adjuster's fee directly as a covered claim expense The public adjuster may collect the entire fee from the insurer's first check even if later payments are expected