Kentucky HB568 amends insurance laws, focusing on public adjusters, including licensing requirements, contract terms, and penalties for violations.

Kentucky HB568 revises the state's insurance laws, particularly concerning public adjusters. It outlines specific licensing requirements for public adjusters, detailing who is exempt from needing a license. The bill mandates that public adjusters provide insureds with written notices of their rights and requires contracts between public adjusters and insureds to include specific terms, such as the adjuster's compensation method and a rescission period. It also sets penalties for violations, including license suspension or revocation.

Kentucky HB568 amends insurance laws, focusing on public adjusters, including licensing requirements, contract terms, and penalties for violations.

Kentucky HB568 revises the state's insurance laws, particularly concerning public adjusters. It outlines specific licensing requirements for public adjusters, detailing who is exempt from needing a license. The bill mandates that public adjusters provide insureds with written notices of their rights and requires contracts between public adjusters and insureds to include specific terms, such as the adjuster's compensation method and a rescission period. It also sets penalties for violations, including license suspension or revocation.