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Public Adjuster Contract Template for Saudi Arabia

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Key Requirements PROMPT example:

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."

Document background
The Public Adjuster Contract serves as the fundamental legal framework for professional insurance claim adjustment services in Saudi Arabia. This document is essential when property owners or businesses require expert assistance in evaluating and negotiating insurance claims with their insurers. The contract must align with Saudi Central Bank (SAMA) regulations, Shariah law principles, and the kingdom's insurance regulatory framework. It typically includes comprehensive details about service scope, fee structures, professional obligations, and compliance requirements. The document is particularly crucial in complex claim situations where specialized expertise is needed to ensure fair claim settlement. Public adjusters must maintain appropriate licensing and registration with Saudi authorities, and this contract formalizes their engagement while protecting both parties' interests under Saudi law.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ 黑料视频 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions


















































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Relevant Industries

Insurance

Real Estate

Commercial Property

Industrial Manufacturing

Retail

Hospitality

Healthcare

Construction

Energy

Transportation

Logistics

Professional Services

Relevant Teams

Legal

Risk Management

Insurance Operations

Compliance

Property Management

Facilities Management

Claims Processing

Contract Administration

Corporate Services

Risk Assessment

Relevant Roles

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

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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