HB 872 Property and casualty insurance; public adjusters.
Introduced by: Thomas Davis Rust

SUMMARY AS INTRODUCED:
Property and casualty insurance; public adjusters.  Provides for State Corporation Commission licensing and regulation of public adjusters. Public adjusting means investigating, negotiating, adjusting, or providing advice to an insured in relation to first-party claims arising under insurance contracts that insure the real or personal property of an insured, for the purpose of effecting the settlement of a claim on behalf of the insured. A person is prohibited from acting as a public adjuster without first obtaining a license from the Commission. Public adjusters are required to comply with standards of conduct and limits on their fees. The Commission may suspend or revoke licenses under certain conditions. The measure will become effective January 1, 2013.