SC S0196

Creates Chapter 91 of Title 38 establishing licensing requirements for insurance adjusters, including a $100 individual license fee and $50 business entity fee, biennial renewal, fingerprinting, background checks, and 24 hours of continuing education every two years

Creates Chapter 92 of Title 38 establishing licensing requirements for public adjusters who represent insureds in first-party property claims, requiring a $100 license fee, examination, $20,000 surety bond or letter of credit, and 24 hours of continuing education biennially

Caps public adjuster compensation at 10% of any insurance settlement and prohibits collecting fees before claim settlement; requires written contracts with specific disclosures and grants insureds a 5-business-day right to rescind contracts

Prohibits public adjusters from soliciting during active loss-producing events, having financial interests in contractors or repair firms handling the claim, and advertising damage without first inspecting the property

Repeals existing Chapters 47 and 48 of Title 38, which previously governed adjusters and public adjusters, replacing them with the new comprehensive regulatory framework