MS HB1347

Eliminates the $15 filing fee requirement for named insureds appealing automobile policy cancellations or nonrenewals to the Commissioner of Insurance.

Extends the timeframe for insurance producers whose licenses have been revoked to reapply, allowing them to do so between one and five years (instead of a fixed one year) as determined by the commissioner.

Exempts individuals seeking licensure in the life line of authority only from prelicensing education requirements.

Prohibits public adjusters from participating in reconstruction or repair of damaged property they are adjusting, engaging in conflicts of interest, or having financial interests in salvage or repair businesses connected to claims they adjust; clarifies compensation is limited to 10% of settlement proceeds exclusive of pre-adjuster settlements.

Authorizes the Commissioner of Insurance to examine and address inequalities in provider reimbursement rates during company examinations with fines up to $10,000 per violation, with this provision set to expire July 1, 2027.