Adopted

AMENDMENT NO 2 PROPOSED TO

House Bill No.  819

BY: Senator(s) Hopson

     AMEND on lines 139 through 142 by striking the new underlined language.

     FURTHER, AMEND, on line 159 by inserting the following language before subsection (2):

(f)  No public adjuster shall be entitled to any payment, commission, fee or other thing of value of any insurance settlement or agreed settlement that was made between the insured and the insurance company before the public adjuster and the insured entered into a contract for services.

(g)  If an insurance company extends a written settlement offer to the insured before the insured enters into a contract with a public adjuster for services, then a public adjuster may only be entitled to an amount that is no more than ten percent (10%) of the settlement amount that is in excess of the amount that was offered in writing to the insured prior to entering into the contract with the public adjuster.

     FURTHER, AMEND by striking Section 6 in its entirety on lines 229 through 230 and inserting the following language in lieu thereof:

     SECTION 6.  This act shall take effect and be in force from and after July 1, 2024.

     FURTHER, AMEND the title to conform.