Loading chat...
IA HSB701
SB
Status
2/10/2026
Primary Sponsor
Commerce
Click for details
AI Summary
-
Expands insurance fraud investigation authority to include Code chapters 522C (adjuster licensing) and 522F (appraiser and umpire licensing and regulation), allowing designated peace officers to make arrests for criminal violations in these areas.
-
Exempts insurance producers licensed under chapter 522B from adjuster licensing requirements if they are appointed by and granted claim authority by an insurer or self-insurer.
-
Requires adjuster license applicants to obtain a surety bond of at least $50,000 before licensure, with the bond favoring the state and authorizing recovery for damages from erroneous acts, fraud, or unfair practices.
-
Mandates that adjusters immediately notify the division if their surety bond terminates or becomes impaired, with their license becoming inactive until new evidence of financial responsibility is provided.
-
Takes effect immediately upon enactment, with the insurance division authorized 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.(See HF 2582.)
Last Action
Committee report approving bill, renumbered as HF 2582.
2/18/2026