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IA HF2582
Bill
Status
3/2/2026
Primary Sponsor
Commerce
Click for details
AI Summary
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Expands insurance fraud investigation authority to include Code chapters 522C (adjuster licensing) and 522F (licensing of appraisers and umpires), allowing designated peace officers employed by the insurance division to make arrests for criminal violations under these chapters
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Exempts licensed insurance producers appointed by and granted claim authority by an insurer or self-insurer from adjuster licensing requirements under chapter 522B
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Requires adjuster license applicants to obtain a minimum $50,000 surety bond before licensure, with the bond protecting against damages from erroneous acts, fraud, or unfair practices
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Mandates adjusters immediately notify the division if their surety bond terminates or becomes impaired, resulting in automatic license inactivation until new evidence of financial responsibility is provided
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Takes effect immediately upon enactment and authorizes the insurance division to adopt emergency rules to implement the surety bond requirements
Legislative Description
A bill for an act relating to investigations of insurance fraud related to adjusters, appraisers, and umpires, and license and financial responsibility requirements for adjusters, and including effective date provisions.(Formerly HSB 701.)
Last Action
Subcommittee recommends passage.
3/11/2026