Pennsylvania SB1074 amends public adjuster licensing laws to redefine roles, set fee limits, and enhance disclosure requirements.

Pennsylvania SB1074 amends the Public Adjuster Licensing Law to redefine roles of public adjusters, set fee limits, and enhance disclosure requirements. It distinguishes between company adjusters, independent adjusters, and public adjusters, clarifying their relationships with insureds and insurers. The bill limits fees to 10% for catastrophic claims and 15% for other claims, prohibiting certain fees and commissions. It mandates written contracts detailing services, fees, and rights to rescind, and requires public adjusters to report denied, suspended, or revoked licenses.

Pennsylvania SB1074 amends public adjuster licensing laws to redefine roles, set fee limits, and enhance disclosure requirements.

Pennsylvania SB1074 amends the Public Adjuster Licensing Law to redefine roles of public adjusters, set fee limits, and enhance disclosure requirements. It distinguishes between company adjusters, independent adjusters, and public adjusters, clarifying their relationships with insureds and insurers. The bill limits fees to 10% for catastrophic claims and 15% for other claims, prohibiting certain fees and commissions. It mandates written contracts detailing services, fees, and rights to rescind, and requires public adjusters to report denied, suspended, or revoked licenses.