Insurance; public adjusters, standards of conduct. (SB194)

Introduced By

Sen. Monty Mason (D-Williamsburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Insurance; public adjusters; standards of conduct. Prohibits a public adjuster from engaging in any activity that may reasonably be construed as a conflict of interest, including soliciting or accepting any remuneration of any kind or nature, directly or indirectly, except as set forth in a public adjusting contract with an insured. Additionally, the bill provides that for the purposes of the prohibition on a public adjuster having a financial interest in an insured's claim, "financial interest" includes participation by a public adjuster, directly or indirectly, in the reconstruction, repair, or restoration of damaged property that is the subject of a claim adjusted by that public adjuster. The bill contains technical amendments. Read the Bill »

Status

01/17/2022: passed committee

History

DateAction
01/10/2022Prefiled and ordered printed; offered 01/12/22 22101305D
01/10/2022Referred to Committee on Commerce and Labor
01/16/2022Impact statement from SCC (SB194)
01/17/2022Reported from Commerce and Labor (15-Y 0-N)
01/19/2022Constitutional reading dispensed (40-Y 0-N)

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