Senate Bill 2193 Summary

• Increases privilege license tax for insurance adjusters from $200 to $400 for incorporated companies and from $50 to $100 for individual persons engaged in adjusting insured losses.

• Adds definition of "workers' compensation adjuster" as an adjuster limited to workers' compensation insurance who cannot represent insured individuals and must comply with all licensing and continuing education requirements.

• Changes adjuster license renewal from annual to biennial (two-year) periods, with individual licenses expiring on their birthday in the second year and business entity licenses expiring May 31 in the second year.

• Revises continuing education requirements for adjusters and public adjusters: 12 hours for licenses in effect 18 months or less, and 24 hours (including 3 hours on ethics) for licenses in effect more than 18 months.

• Takes effect July 1, 2016.