The bill amends existing Kansas insurance law to prohibit public adjusters from negotiating or settling insurance claims related to residential and personal lines of insurance. Specifically, it introduces a new section stating that no public adjuster shall engage in such activities, thereby reinforcing the limitations on their role in the insurance claims process. The bill also makes several amendments to existing statutes, including K.S.A. 40-5501 and K.S.A. 40-5503, which clarify the definitions and responsibilities of public adjusters, emphasizing that their licensure is restricted to assisting with first-party claims.
Additionally, the bill repeals certain sections of the current law, including K.S.A. 40-5501 and K.S.A. 40-5503, to streamline the regulations governing public adjusters. Key deletions from the law include the removal of language that previously governed the qualifications and procedures for public adjusters, as well as the specific mention of the date after which these regulations would apply. The overall effect of the bill is to tighten the regulations surrounding public adjusters and limit their involvement in residential and personal insurance claims.
Statutes affected: As introduced: 40-5501, 40-5502, 40-5503