An Act regarding public insurance adjusters
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill, H.1113, addresses regulations surrounding public insurance adjusters in Massachusetts. It aims to clarify the licensing and oversight of these professionals who assist individuals in navigating insurance claims. The bill seeks to establish standards for their conduct and ensure consumer protection within the insurance claims process. Currently, the bill is referred to the House Committee on Financial Services.
Key provisions
- Establishes standards for public insurance adjuster licensing.
- Defines the scope of services public insurance adjusters can provide.
- Requires public insurance adjusters to register with the state.
- Creates a process for investigating complaints against public insurance adjusters.
- Specifies penalties for violations of the law.
- Addresses continuing education requirements for adjusters.
- Clarifies the relationship between public insurance adjusters and insurance companies.
- Requires public insurance adjusters to disclose fees and compensation.
Who is affected
- Public insurance adjusters
- Individuals seeking insurance claims assistance
- Insurance companies
- The Massachusetts insurance industry
- Consumers in Massachusetts
Notable changes
- The bill introduces specific regulations for public insurance adjusters, potentially increasing oversight.
Bill text
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Sponsors
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2 on record
Primary sponsor
Cosponsor
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