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NY A06365
Bill
Status
4/5/2023
Primary Sponsor
David Weprin
Click for details
AI Summary
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Prohibits insurers from requiring that property damage repairs be completed by a particular entity or individual, unless specified in the insurance policy.
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Allows insurers, adjusters, and administrators to recommend specific repair providers only if they disclose any financial interest in those entities or individuals.
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Requires independent adjuster applicants to demonstrate either one year of insurance industry experience or successful completion of 40 hours of formal training approved by the superintendent.
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Expands continuing education requirements to apply to both public and independent adjusters, requiring 15 credit hours biennially completed through approved courses, programs, or seminars.
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Takes effect January 1 following enactment.
Legislative Description
Relates to claims for loss or damage to real property; creates continuing education requirements for licensed persons and qualifications for public and independent adjusters; allows for a revocation of licenses with an opportunity to reapply for such licenses.
Last Action
referred to insurance
1/3/2024