An Act amending the act of December 20, 1983 (P.L.260, No.72), referred to as the Public Adjuster Licensing Law, further providing for definitions, for license, for written disclosure of financial interest and for bond; providing for fees, for requirements and prohibitions and for separate pre-contract disclosure; and further providing for contract and for revocation, etc., of license.
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Summary
This bill updates Pennsylvania's laws governing public adjusters, the professionals who help insurance policyholders negotiate claims. It introduces new fee structures, mandates clearer pre-contract disclosures for consumers, and establishes stricter professional requirements and prohibitions. These changes aim to increase transparency and protect consumers during the insurance claims process.
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