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AR SB378
Bill
Status
Failed
4/27/2011
Primary Sponsor
Joyce Elliott
Click for details
AI Summary
- Amends Arkansas Code § 23-64-102(4)(A) to expand the definition of "adjuster" to include individuals working on behalf of insureds, not just insurers
- Allows insurance adjusters to investigate and negotiate claim settlements on behalf of an insured when the claim arises from a real property or personal property insurance contract
- Establishes the right of insurance consumers to employ their own insurance adjuster (public adjusting)
- Adjusters can work as independent contractors or employees, and may be compensated by fee or commission
- Applies to adjusters working with individual, firm, limited liability company, or corporate entities
Legislative Description
To Authorize Public Adjusting By Providing Insurance Consumers The Right To Employ Their Own Insurance Adjuster.
Last Action
Senate Sine Die adjournment
4/27/2011
Committee Referrals
Insurance & Commerce2/21/2011
Full Bill Text
No bill text available