Sec. 25.6. Compensation agreement

(a) A public adjuster may be compensated by an insured for or on account of services rendered to such insured by the public adjuster solely as provided for by a written compensation agreement obtained by the public adjuster which shall consist of substantively the same information and statements contained in Form 1 in section 25.13(a) of this Part.

(b) Every such compensation agreement shall contain the names and addresses of the public adjuster and the insured. If the public adjuster is a corporation, a sublicensee of the public adjuster shall also be named. If the public adjuster is a partnership, a partner shall also be named.

(c) Every such compensation agreement shall be signed by the public adjuster or, if a corporation or partnership, then by a sublicensee or partner, or by the duly authorized licensed employee who entered into the agreement; and by the insured, or other party to be charged.

(d) Every such agreement shall be in the same language as that principally used in the oral negotiations and presentation.