We are happy to report that Utah Governor Gary Richard Herbert signed into law a new omnibus consumer protection insurance bill on Wednesday March 22nd that affects public adjusters and policyholders. Legislators in both chambers worked very hard to see HB 42 pass before the end of the Utah Legislative Session which ended on March 10th. We had the opportunity to speak with the sponsor of HB 42, The Honorable James A. Dunnigan, and Representative and communicate with The Honorable State Senator Curtis S. Bramble expressing our support of HB 42.
AAPIA also wants to recognize Commissioner Todd E. Kiser and Deputy Commissioner Brett Barratt for their exceptional oversight in working with the General Assembly to see this omnibus Bill become an effective consumer protection law in the State of Utah.
The new law provides for conflict of interest rules between public adjusters and contractors, imposes contract requirements that follow the NAIC Model Act, and, similar to Texas proposals, has a restriction on soliciting business for the primary purpose of referring the claim to an attorney. In addition, the most striking change to the law is the ability under the new law for public adjusters to charge a percentage fee. AAPIA proudly supports legislation such as this, which benefits consumers, and also strengthens the public adjuster license.
Beware the new contract and disclosure requirements so that you are not caught unaware of the changes! Click Here for a complete copy of the law. Utah requires a copy of your contract to be filed with the state, and you want to make sure that you are in compliance with the new law.
AAPIA Advocates for Public Adjusters so You Can Advocate for your Clients: it is because of our strong membership that we are able to monitor legislation in every state each and every day to ensure that the laws being promulgated are in the best interest of consumers and the public adjuster industry we serve.
Our tireless advocacy for the value of the public adjuster results in positive measures such as this one from state departments of insurance. Please consider becoming member today so that we can continue to work for you.
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