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An independent adjuster license is effective for a minimum of two (2) years after the date of issuance unless probated, suspended, revoked, or refused and renews on the last day of the individuals birth month.
For a non-resident independent adjuster license to be renewed:
(1) the independent adjuster must:
(A) maintain a valid resident independent adjuster license in the independent adjuster's home state; and
(B) remit to the department a non-resident independent adjuster license renewal fee of ninety dollars ($90); and
(2) the independent adjuster's home state must award non-resident independent adjuster licenses to residents of Indiana on the same basis.
If a non-resident independent adjuster's home state license terminates for any reason other than issuance of a new resident independent adjuster license in a new home state:
(1) the person's non-resident independent adjuster licensed issued under this chapter also terminates immediately; and
(2) the person shall immediately surrender the non-resident independent adjuster license to the department.
If an independent adjuster license expires, the independent adjuster may, within twelve (12) months after the date of expiration, be reissued an independent adjuster license upon receipt by the commissioner if:
(1) a request for reissuance, as prescribed by the commissioner; and
(2) a reissuance fee of eighty dollars ($180).
An independent adjuster who is unable to comply with the license renewal requirements of this section due to:
(1) military service;
(2) long term medical disability; or
(3) another extenuating circumstance determined by the commissioner; may request a waiver of the renewal requirements or applicable sanction.