Bill > S494

This bill establishes a new process for licensing insurance adjusters in the Commonwealth, which are individuals who investigate insurance claims on behalf of insurance companies. Specifically, it amends Chapter 175 of the General Laws by creating a new section, 172B, which outlines the requirements for obtaining an insurance adjuster license. To become licensed, an applicant must be at least 21 years old, pay a fee, pass a written examination covering building construction, materials, and insurance principles, and submit a criminal background check. If approved, the license will be valid for three years and can be renewed for subsequent three-year periods without another written exam, provided the applicant completes 15 hours of approved continuing education. The bill also clarifies that the written examination is only required for initial licensure, not for renewals.