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Article 15 Records of the Surveyor and Loss Adjuster

IA-BOD-RES 6/2010 Effective from 14/11/2010
  1. The Surveyor and Loss Adjuster shall keep regular and duly organized books and records where all data and information related to business practiced shall be recorded and maintained, as appropriate, including the following:
     
    1. Name and address of the insurance company or entity for which he/she/it have performed surveying and loss adjustment work.
       
    2. Types of damage surveying and loss adjustment work performed.
       
    3. Memos and correspondence related to the work.
       
    4. Names of policy holder, insured, beneficiary, date of insurance policy, collected premium, accident data, type and value of damage, surrounding circumstances and the determined payable compensation.
       
    5. Documents with serial numbers relating to receipt, disbursement and other financial transactions related to surveying and loss adjustment work.
       
  2. The Surveyor and Loss Adjuster shall retain the records for a period of not less than five years as of the date of their closure.
     
  3. The Director General may specify the records that should be retained by the Surveyors and Loss Adjusters.