HB600

Louisiana HB600 amends public adjuster fee regulations, restricting fees for catastrophic claims and all claims.

Louisiana HB600 amends the definition of "public adjusting" and restricts fees charged by public adjusters. The bill specifies that public adjusting involves investigating, appraising, or evaluating claims for insureds, but excludes unauthorized practice of law. It prohibits public adjusters from entering into fee arrangements that are contingent on or calculated as a percentage of the claim amount. Specifically, the bill limits fees to 10% for catastrophic insurance claim settlements and 15% for other insurance claim settlements.