(a) The Commissioner may license an individual concurrently as an independent adjuster and as a public adjuster. A separate application is required for each type of adjuster license. The full license fee must be paid for each license.
(b) An adjuster has authority under the license only to investigate or report to the adjuster’s principal upon claims on behalf only of the insurers, if licensed as an independent adjuster. An adjuster licensed concurrently as an independent and a public adjuster may not represent both the insurer and the insured in the same transaction.
(c) A non-resident, independent adjuster who enters the Virgin Islands for the adjustment of a single loss, or of losses arising out of a catastrophe common to all such losses, shall formally register with the Office of the Commissioner of Insurance. The Commissioner may establish and amend from time to time, a schedule of fees for such registration.
(d) No Virgin Islands license is required of a nonresident independent adjuster for the adjustment in the Virgin Islands of a single loss or of losses arising out of a catastrophe common to all such losses.