Bill > A03741

This bill introduces several key changes to New York insurance law regarding property damage claims, insurance adjusters, and licensing requirements. First, it prevents insurance companies from mandating that property repairs must be completed by a specific entity, while still allowing insurers, administrators, and adjusters to recommend repair services as long as they disclose any financial interests in those recommendations. The bill also establishes new qualification requirements for independent adjusters, requiring them to either have one year of insurance industry experience or complete 40 hours of formal training approved by the superintendent. Additionally, the legislation expands continuing education requirements for public and independent adjusters, mandating that they complete 15 credit hours of approved instruction during each biennial licensing period. The bill provides detailed guidelines for these continuing education courses, including who can provide them, how credits are assigned, and the consequences for failing to meet these requirements. Furthermore, the bill gives the superintendent of insurance broader authority to refuse to renew, revoke, or suspend licenses for public and independent adjusters under certain conditions. These changes aim to improve transparency, professional standards, and consumer protection in the insurance claims and adjustment process.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A3741