USPAP/Record keeping question

[Michigander]

Makes me want to call my E&O carrier to see if I will need to keep a policy open after I retire.

They will only let you do it for a certain time. When I left, my E&O would grant tail insurance for 3-years. Not adequate IMO but all they offer.

 

[TEL2002]

IMO.....

State regulatory agency has no authority over the appraiser.

If person filing the complaint wants to proceed further, it would have to become a civil suit.

If it was serious enough, the regulatory agency might forward the complaint and file to the AG for some type of criminal prosecution.