Bill > S05322

This bill introduces several key changes to insurance law in New York, focusing on claims for property damage, adjuster licensing, and continuing education requirements. First, the bill prohibits insurance companies from requiring that property repair work be completed by a specific entity or individual, while still allowing insurers, adjusters, and administrators to recommend repair services, with the caveat that any financial interest in such recommendations must be disclosed. The legislation also establishes new qualifications for independent adjusters, requiring either one year of experience in the insurance industry or completion of a 40-hour training course approved by the superintendent. Additionally, the bill mandates continuing education requirements for public and independent adjusters, requiring them to complete 15 credit hours of approved courses or seminars during each biennial licensing period. The bill provides detailed guidelines for these continuing education programs, including how credits can be earned, transferred, and verified, and establishes potential consequences for failing to meet these requirements, such as license non-renewal. Furthermore, the bill gives the superintendent broader discretion to refuse renewal, revoke, or suspend licenses for various professional insurance roles. The changes aim to increase transparency, professional competency, and consumer protection in the insurance claims and adjustment process.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S5322