HB3771

Illinois HB3771 amends the Illinois Insurance Code to regulate public adjusters by prohibiting certain financial interests and requiring full.

HB3771 amends the Illinois Insurance Code to enhance transparency and fairness in contracts between public adjusters and insureds. Public adjusters must ensure all contracts are in writing and include specific terms such as the adjuster's full name, contact information, license number, and a description of the loss and services. Contracts cannot contain terms that allow the adjuster to collect fees before the insured receives payment, prohibit the insured from pursuing legal remedies, or include hold harmless agreements.