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SB 660 Update


SB 660 was a collaborative piece of legislation that took approximately 2 years to complete. It repeals the Illinois Insurance Code concerning Public Insurance Adjusters and creates the Public Adjusters Law. The new law provides guidelines for licensing and examinations as well sets forth certain standards of conduct for public adjusters including disclosures, fees and contracts.

SB 660 became law on July 27, 2010 and is now Public Act 96-1332 (the entire text can be found at Procedurally, the bill originated in the Senate and passed unopposed, 58-0. However, as the bill moved through the House, its final passage was not without opposition, the vote was 85-30. This is not uncommon, because the longer a bill lingers on the legislative calendar, the more it is scrutinized.

The majority of the changes sought by the new Public Adjusters Law are reasonable, however there is one aspect of the bill that we would like to amend during the Illinois General Assembly's upcoming veto session. During the two week fall veto session, we would like to run a "trailor bill" seeking to make a technical change that is important to this industry. The aspect of the law which is most problematic is the requirement that an individual who fails the public insurance adjuster examination wait 90 days before rescheduling to take the exam. Our contact thus far with the appropriate regulatory agencies and other key players involved in drafting this legislation stated that they could not pinpoint why 90 days was used as a timeframe. It is our position that the 90 day timeframe is punitive as it is not imposed on similar professionals and/or public insurance adjusters in other states. The 90 day wait period is arbitrary, does not advance any public policy and places a significant burden on individuals seeking to work in this industry. As such, we believe our recommended change will accomplish the goal of ensuring adjusters are well prepared while also making the exam more accessible.