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Public Adjuster Contract
"I need a Public Adjuster Contract for a large commercial property portfolio in Riyadh, with specific provisions for handling multiple simultaneous claims and a requirement for quarterly reporting to our board of directors, to be effective from March 1, 2025."
1. Parties: Identification of the Public Adjuster and the Client, including full legal names, addresses, and registration/license numbers
2. Background: Context of the agreement, including reference to the insurance claim event and the client's need for professional adjustment services
3. Definitions: Key terms used throughout the agreement, including technical insurance and adjustment terminology
4. Scope of Services: Detailed description of the public adjuster's services, including claim evaluation, negotiation, and documentation
5. Term and Termination: Duration of the agreement and conditions for termination by either party
6. Compensation: Fee structure, payment terms, and calculation method (ensuring compliance with Shariah principles)
7. Professional Obligations: Adjuster's duties, professional standards, and compliance with SAMA regulations
8. Client Responsibilities: Client's obligations including information provision and cooperation requirements
9. Confidentiality: Protection of confidential information and client data
10. Compliance with Laws: Commitment to comply with Saudi laws, SAMA regulations, and Shariah principles
11. Representations and Warranties: Statements regarding qualifications, licenses, and authority to provide services
12. Limitation of Liability: Boundaries of the adjuster's liability in accordance with Saudi law
13. Dispute Resolution: Process for resolving disputes under Saudi law and jurisdiction
14. General Provisions: Standard clauses including notices, amendments, and governing law
1. Insurance Company Coordination: Additional provisions for dealing directly with insurance companies, used when the adjuster has authority to communicate with insurers
2. Multiple Claims Handling: Specific provisions for handling multiple claims under different policies, used in complex loss situations
3. Expert Engagement: Terms for engaging external experts or consultants, included when specialized expertise may be required
4. International Claims: Additional provisions for claims involving international elements or foreign insurers
5. Assignment and Delegation: Terms for transferring rights or delegating duties, included for larger adjustment firms
6. Force Majeure: Provisions for unforeseen circumstances preventing performance, particularly relevant in high-risk areas
7. Subrogation Rights: Provisions regarding the handling of subrogation claims, included when relevant to the specific case
1. Schedule A - Fee Structure: Detailed breakdown of fees, commission rates, and payment terms
2. Schedule B - Service Details: Comprehensive list of specific services to be provided
3. Schedule C - Required Documentation: List of documents required from the client for claim processing
4. Schedule D - Professional Credentials: Copies of adjuster's licenses, certifications, and professional registrations
5. Schedule E - Power of Attorney: If applicable, formal authorization for the adjuster to act on behalf of the client
6. Appendix 1 - SAMA Compliance Checklist: Regulatory compliance requirements and confirmations
7. Appendix 2 - Claims Processing Procedures: Step-by-step procedures for handling claims
8. Appendix 3 - Communication Protocol: Agreed procedures for communications between parties
Authors
Insurance
Real Estate
Commercial Property
Industrial Manufacturing
Retail
Hospitality
Healthcare
Construction
Energy
Transportation
Logistics
Professional Services
Legal
Risk Management
Insurance Operations
Compliance
Property Management
Facilities Management
Claims Processing
Contract Administration
Corporate Services
Risk Assessment
Public Adjuster
Claims Manager
Risk Manager
Insurance Broker
Compliance Officer
Legal Counsel
Property Manager
Facility Manager
Insurance Operations Director
Chief Risk Officer
Claims Supervisor
Contract Administrator
Insurance Specialist
Loss Assessor
Risk Assessment Specialist
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