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PA SB1074
Bill
Status
10/21/2025
Primary Sponsor
Jarrett Coleman
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AI Summary
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Caps public adjuster fees at 10% for catastrophic claims (presidential or gubernatorial disaster declarations) and 15% for standard insurance claims, prohibiting upfront fees or collection from claim portions offered before the adjuster was retained
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Increases the required surety bond from $20,000 to $40,000 and prohibits public adjusters and their employees, relatives, or affiliates from having financial interests in any aspect of a claim or making referrals to parties from whom they receive compensation
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Extends contract rescission periods to 5 business days for all contracts and 15 business days if signed within 5 days of discovering a loss, with insureds liable only for reasonable services rendered during the rescission period
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Requires public adjusters to provide pre-contract disclosures explaining the three types of adjusters (company, independent, public), that hiring a public adjuster is optional, and that fees are the insured's obligation
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Makes unlicensed public adjuster activity a third-degree felony under Pennsylvania's insurance fraud statute (18 Pa.C.S. § 4117), with the act taking effect 180 days after enactment
Legislative Description
Further providing for definitions, for license, for written disclosure of financial interest and for bond; providing for fees, for requirements and prohibitions and for separate pre-contract disclosure; and further providing for contract and for revocation, etc., of license.
Last Action
Re-referred to Appropriations
10/28/2025