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ARTICLE · 04 MARCH 2024

NCOIL Advances Public Adjuster Model Law

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

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On Feb. 2, 2024, the Property & Casualty Insurance Committee of the National Council of Insurance Legislators (NCOIL) adopted a new Public Adjuster Professional Standards Reform Model Act (the Act).

United StatesInsurance

On Feb. 2, 2024, the Property & Casualty Insurance Committee of the National Council of Insurance Legislators (NCOIL) adopted a new Public Adjuster Professional Standards Reform Model Act (the Act). The Act goes before NCOIL's Executive Committee for final ratification at the 2024 NCOIL Spring Meeting on April 14. The Act is primarily intended to set forth licensing and other professional standards for public insurance adjusters.

Definition

The Act defines "public insurance adjuster" as

  1. A person or entity that, for direct, indirect or any other compensation:
    • Acts on behalf of an insured in the adjusting of a claim or claims for loss or damage under any policy of insurance covering real or personal property, or

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