Bill > HB437

This bill aims to strengthen regulations for public adjusters, who are individuals licensed to help policyholders settle insurance claims for property damage. It clarifies that only licensed public adjusters can solicit, investigate, negotiate, adjust, or advise policyholders on first-party property claims for the purpose of settling those claims. The bill also prohibits public adjusters from assisting in claims where a policyholder has improperly transferred their rights to a contractor or vendor. New requirements are introduced for public adjuster advertisements, including specific disclosures and exclusions for certain communications. Furthermore, the bill establishes standards of conduct for public adjusters when dealing with vulnerable adults, defined as individuals impaired in their ability to make decisions or care for themselves, and introduces penalties for the unauthorized practice of public adjusting, which includes performing public adjusting services without a license. The bill also makes technical amendments to existing laws, such as updating definitions and grounds for license suspension or revocation.

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https://lis.virginia.gov/bill-details/20261/HB437