Illinois HB4287 amends the Illinois Insurance Code to regulate public adjusters, requiring written contracts and prohibiting certain terms.
HB4287 amends the Illinois Insurance Code to regulate public adjusters, who assist insured individuals in insurance claims. The bill mandates that public adjusters must provide services only after executing a written contract with the insured, on a form approved by the Director of Insurance. The contract must include specific details such as the adjuster's name, address, license number, and a description of services. It also requires the public adjuster to provide a copy of the contract to the insurer.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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