This bill amends existing laws related to property and casualty insurance, specifically focusing on the conduct of public adjusters and prohibiting certain acts in contracting. It introduces new requirements for public adjusters, mandating that they adhere to all specified general requirements, including a prohibition against acting as contractors or subcontractors or providing construction, roofing, or repair services related to insurance claims they have processed. This aims to prevent conflicts of interest and ensure that public adjusters maintain a clear separation from the repair process.
Additionally, the bill revises the regulations surrounding contracting services, removing the term "home improvement" from the title and expanding the scope of prohibited acts. It now includes provisions against providing agreements for repairs or construction without a good faith estimate of costs and introduces new prohibitions on advertising or soliciting as insurance claims specialists or offering insurance claim interpretation services. These changes are intended to enhance transparency and protect consumers in the property insurance market.
Statutes affected: HB121 Original: 22:1693(G), 22:1706(H)
HB121 Engrossed: 22:1693(G), 22:1706(H)
HB121 Reengrossed: 22:1693(G), 22:1706(H), 37:1(S
HB121 Enrolled: 22:1706(H), 37:1
HB121 Act : 22:1706(H), 37:1