California AB597 regulates public insurance adjusters by requiring clear contracts and prohibiting certain practices.

California AB597 mandates that public insurance adjusters use a specific contract form approved by the insurance commissioner. The contract must include details such as the adjuster's fee, a cancellation notice, and a statement that the insured can cancel within three business days. It prohibits adjusters from soliciting business during a loss or between 6 p.m. and 8 a.m. unless requested by the policyholder. The bill also ensures that adjusters cannot charge fees that reduce the insured's recovery from the insurer and requires them to post a surety bond.

California AB597 regulates public insurance adjusters by requiring clear contracts and prohibiting certain practices.

California AB597 mandates that public insurance adjusters use a specific contract form approved by the insurance commissioner. The contract must include details such as the adjuster's fee, a cancellation notice, and a statement that the insured can cancel within three business days. It prohibits adjusters from soliciting business during a loss or between 6 p.m. and 8 a.m. unless requested by the policyholder. The bill also ensures that adjusters cannot charge fees that reduce the insured's recovery from the insurer and requires them to post a surety bond.