NJ A4390

Requires licensed public adjusters to include their license number (and company/firm license number if applicable) on all contracts with insured clients

Mandates that contracts specify the insured's right to cancel within three business days without penalty, or terminate after that period while remaining obligated to pay reasonable value for services rendered

Prohibits contracts for residential property damage claims from allowing adjusters to collect their entire percentage-based compensation from the first insurance payment when multiple payments will be made

Bars contract terms that require insurers to issue checks only in the public adjuster's name or that preclude either party from pursuing civil remedies

Requires public adjusters to account for services provided with specific records of work performed, particularly when calculating fees after early termination by the insured