summary
Introduced
01/05/2026
01/05/2026
In Committee
02/24/2026
02/24/2026
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Illinois Insurance Code. Defines "compensation" and makes changes to other defined terms. Provides that a public adjuster shall not provide services, other than emergency services, until a written contract with the insured has been executed, on a form filed with and approved by the Director, and an exact copy of the contract has been provided to the insurer or its authorized representative for receiving notice of loss or damage (instead of to only the insurer). Effective immediately.
AI Summary
This bill amends the Illinois Insurance Code to clarify the definition of "compensation" for public adjusters, which now includes assignments of insurance proceeds, agreements to make repairs for the amount of insurance proceeds, or asserting liens against insurance proceeds. It also mandates that a public adjuster cannot provide services, except for emergency situations, until a written contract with the insured is signed, filed with and approved by the Director of Insurance, and a copy of this contract is provided to the insurer or its designated representative for receiving loss notices, rather than just the insurer. This change aims to ensure transparency and proper notification in the claims process.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Assigned to Insurance Committee (on 02/24/2026)
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