New bill being considered in MD regarding public adjusters.
You can read about it HERE.
Sample from the new bill:
(A) A PUBLIC ADJUSTER IS OBLIGATED TO:
(1) SERVE WITH OBJECTIVITY AND COMPLETE LOYALTY THE INTEREST OF THE CLIENT ALONE; AND 1
(2) RENDER TO THE INSURED THE INFORMATION, COUNSEL, AND SERVICE THAT WILL BEST SERVE THE INSURED’S INSURANCE CLAIM NEEDS AND INTERESTS, WITHIN THE KNOWLEDGE, UNDERSTANDING, AND OPINION IN GOOD FAITH OF THE PUBLIC ADJUSTER.
(B) A PUBLIC ADJUSTER MAY NOT ALLOW AN UNLICENSED EMPLOYEE OR REPRESENTATIVE OF THE PUBLIC ADJUSTER TO CONDUCT BUSINESS FOR WHICH A 20 LICENSE IS REQUIRED UNDER THIS SUBTITLE….
Watch below for the testimony before the Economic Matters Committee.
