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Committee releases bills tightening contract requirements for public adjusters
Summary
A4390 and S1320 would require public-adjuster contracts to include license numbers, a clear description of services, compensation terms and a right-to-cancel notice; sponsors and industry representatives said the changes provide clarity and consumer protection rather than new substantive requirements.
The Assembly Regulated Professions Committee voted to release Assembly bill A4390 and Senate bill S1320, which amend the Public Adjusters Licensing Act to require that contracts between public adjusters and insureds contain specific information: the license number of the adjuster and firm, a clear description of…
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