The bill amends Minnesota Statutes 2024, section 72B.135, subdivision 4, to introduce new prohibitions for public adjusters. Specifically, it adds a provision that prohibits public adjusters from appearing as advocates or representatives for individuals in any action or proceeding before an administrative tribunal, including arbitration. This new restriction aims to clarify the role of public adjusters and ensure they do not engage in practices that could conflict with their responsibilities.
Additionally, the bill removes the previous prohibition against public adjusters advancing money to clients pending the settlement of a loss, which was previously included in the list of prohibited practices. The overall intent of the bill is to enhance the regulatory framework governing public adjusters and to ensure ethical conduct within the industry.
Statutes affected: Introduction: 72B.135