An independent adjuster is a person who is not a salaried employee of an insurance company that an insurance company utilizes to adjust, investigate or negotiate insurance claim settlements. If you work as an automobile appraiser and are not employed by an admitted insurer, you need an Arkansas independent adjusters license. In checking with the Arkansas Insurance Department, an automobile appraiser who estimates damages or calculates the value of a car or other motor vehicle and reports to an insurance company must be licensed as an Independent Adjuster.
ARKANSAS LICENSED AND CERTIFIED AUTOMOBILE APPRAISER
Note: In many instances such as performing automobile valuation or diminished value appraisals for vehicle owners, there are no specific licensing requirements. It is advisable to hire an independent appraiser who is licensed in any state in order to assure a quality appraisal.
Some of the entities that advertise that they are certified appraisers are listed below. When hiring an appraiser who is certified by one of these companies, be sure to cross check with their state insurance department to determine whether they are properly licensed.
- The American Society of Certified Auto Appraisers
- Bureau of Certified Auto Appraisers
- Auto Appraisal Group
- The Appraisal Foundation
- Certified Automobile Appraisal LLC
- I-Van, International Vehicle Appraisers Network
- International Automotive Appraisers Association