AN ACT TO CREATE THE MISSISSIPPI PUBLIC ADJUSTER PROFESSIONAL STANDARDS REFORM ACT; TO AMEND SECTION 83-17-503, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR THE LICENSURE FOR INDEPENDENT AND PUBLIC ADJUSTERS BY THE DEPARTMENT OF INSURANCE; TO PROVIDE HOW A PUBLIC ADJUSTER SHALL DEMONSTRATE FINANCIAL RESPONSIBILITY; TO PROVIDE WHEN LICENSES SHALL NOT BE REQUIRED; TO PROVIDE FOR TEMPORARY REGISTRATION FOR EMERGENCY INDEPENDENT ADJUSTERS; TO PROVIDE FOR THE LICENSING OF NONRESIDENTS; TO CREATE A NEW SECTION OF LAW THAT PROVIDES THAT A PUBLIC ADJUSTER SHALL NOT PROVIDE SERVICES TO AN INSURED UNTIL A WRITTEN CONTRACT WITH THE INSURED HAS BEEN EXECUTED; TO PROVIDE FOR THE TERMS AND THE CONTENT OF THE CONTRACT; TO CREATE A NEW SECTION OF LAW THAT REQUIRES A PUBLIC ADJUSTER TO GIVE AN INSURED WRITTEN NOTICE OF THE INSURED'S RIGHTS; TO PROVIDE THE RESPONSIBILITIES OF THE PUBLIC ADJUSTER; TO CREATE A NEW SECTION OF LAW THAT PROVIDES THAT ALL FUNDS RECEIVED OR HELD BY A PUBLIC ADJUSTER ON BEHALF OF AN INSURED TOWARD THE SETTLEMENT OF A CLAIM SHALL BE HANDLED IN A FIDUCIARY CAPACITY AND DEPOSITED INTO CERTAIN FIDUCIARY TRUST ACCOUNTS; TO CREATE A NEW SECTION OF LAW THAT PROVIDES FOR THE COMMISSIONS THAT A PUBLIC ADJUSTER MAY BE CHARGED AND THE FEES THAT A PUBLIC ADJUSTER MAY CHARGE; TO CREATE A NEW SECTION OF LAW THAT PROVIDES CAUSES FOR THE COMMISSIONER OF INSURANCE TO PLACE ON PROBATION, SUSPEND OR REVOKE A LICENSE OR REFUSE TO RENEW THE LICENSE; TO PROVIDE THE CIVIL PENALTIES AND FINES THAT MAY BE IMPOSED WHEN A LICENSE IS DENIED, SUSPENDED OR REVOKED; TO AUTHORIZE THE COMMISSIONER TO PROMULGATE RULES AND REGULATIONS; TO AMEND SECTIONS 83-17-505, 83-17-507 AND 83-17-511, MISSISSIPPI CODE OF 1972, TO DELETE THE PROVISIONS IN THEIR ENTIRETY; TO BRING FORWARD SECTIONS 83-17-501, 83-17-509, 83-17-513, 83-17-515, 83-17-517, 83-17-519, 83-17-521, 83-17-523, 83-17-525 AND 83-17-527, MISSISSIPPI CODE OF 1972, FOR THE PURPOSE OF POSSIBLE AMENDMENT; TO AMEND SECTIONS 83-17-401, 83-17-403, 83-17-405, 83-17-407, 83-17-409, 83-17-411, 83-17-413, 83-17-415, 83-17-417, 83-17-419, 83-17-421, 83-17-423 AND 83-17-425, MISSISSIPPI CODE OF 1972, FOR THE PURPOSE OF POSSIBLE AMENDMENT; AND FOR RELATED PURPOSES.

Statutes affected:
As Introduced: 83-17-503, 83-17-505, 83-17-507, 83-17-511, 83-17-501, 83-17-509, 83-17-513, 83-17-515, 83-17-517, 83-17-519, 83-17-521, 83-17-523, 83-17-525, 83-17-527, 83-17-401, 83-17-403, 83-17-405, 83-17-407, 83-17-409, 83-17-411, 83-17-413, 83-17-415, 83-17-417, 83-17-419, 83-17-421, 83-17-423, 83-17-425
Committee Substitute: 83-17-503, 83-17-505, 83-17-507, 83-17-511, 83-17-501, 83-17-509, 83-17-513, 83-17-515, 83-17-517, 83-17-519, 83-17-521, 83-17-523, 83-17-525, 83-17-527, 83-17-401, 83-17-403, 83-17-405, 83-17-407, 83-17-409, 83-17-411, 83-17-413, 83-17-415, 83-17-417, 83-17-419, 83-17-421, 83-17-423, 83-17-425
As Passed by the House: 83-17-503, 83-17-505, 83-17-507, 83-17-511, 83-17-501, 83-17-509, 83-17-513, 83-17-515, 83-17-517, 83-17-519, 83-17-521, 83-17-523, 83-17-525, 83-17-527, 83-17-401, 83-17-403, 83-17-405, 83-17-407, 83-17-409, 83-17-411, 83-17-413, 83-17-415, 83-17-417, 83-17-419, 83-17-421, 83-17-423, 83-17-425