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NY A03741
Bill
Status
1/30/2025
Primary Sponsor
David Weprin
Click for details
AI Summary
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Prohibits insurers from requiring policyholders to use a specific contractor or entity for repairs after property damage, though insurers may recommend contractors if they disclose any financial interest in the recommended party
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Establishes new qualifications for independent adjuster license examinations, requiring either one year of insurance industry experience (in sales, underwriting, claims, or related areas) or completion of 40 hours of approved formal training
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Extends existing continuing education requirements for public adjusters to also cover independent adjusters, mandating 15 credit hours of approved instruction every two years
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Authorizes the superintendent to refuse renewal, revoke, or suspend licenses of public or independent adjusters after notice and hearing for violations
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Takes effect on 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
1/7/2026