SB 1002 — Public insurance adjusters.

1 sponsors · 0 co-sponsors · 121 not signed on

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Frequently asked questions

What does SB 1002 do?

Existing law, the Public Insurance Adjusters Act, governs the regulation, licensing, and registration of public insurance adjusters, as defined, and requires the Insurance Commissioner to administer the act. The act prohibits a licensee from acting within this state as a public insurance adjuster without having first entered into a written contract, and governs the form and content of the contract. The act requires the contract terms to prohibit a public adjuster's fee, commission, or other valuable consideration from causing the insured to receive less than any amount paid to the insured by the insurer prior to the date of the written contract. The act also requires the contract to include a description of the services to be provided to the insured and a statement of the compensation to the licensee. The act prohibits the contract terms from allowing a licensee to collect the entire fee from the first payment issued by an insurer, rather than as a percentage of each payment issued by an insurer. A person who violates these provisions is guilty of a misdemeanor. This bill would instead prohibit the contract terms from allowing a licensee's fee, commission, or other valuable consideration to be for, or be based upon, (1) any amount paid to the insured by the insurer prior to the date of the written contract or (2) an insurer's payment for a specific claim or coverage to which the services do not apply. The bill would revise the description of the services to be provided to the insured and the statement of the compensation to the licensee, to include the specific claim and coverage to which the services or the compensation, respectively, apply. The bill would also make technical and clarifying changes. Because a violation of these provisions would be a crime, the bill would impose a state-mandated local program. The California Constitution requires the state to reimburse local agencies and school districts for certain costs mandated by the state. Statutory provisions establish procedures for making that reimbursement. This bill would provide that no reimbursement is required by this act for a specified reason.

Who sponsors SB 1002?

SB 1002 is sponsored by Hill.

What is the current status of SB 1002?

This bill died with 2019-2020 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

Where can I track SB 1002?

Track SB 1002 free on One Click Politics — get push/email alerts when it moves.