|
Senate Bill 1060 |
Senate Author: Hinojosa et al. |
|
Effective: 9-1-15 |
House Sponsor: Thompson, Ed |
Senate Bill 1060 amends Insurance Code provisions relating to the regulation of public insurance adjusters. The bill prohibits a public insurance adjuster from entering into a contract with an insured and collecting a commission without the intent to perform public insurance adjuster services, clarifies certain conflict of interest restrictions, and prohibits certain conduct with respect to soliciting employment for or acting on behalf of an attorney. The bill prohibits a public insurance adjuster from accepting a referral payment and also prohibits a public insurance adjuster from providing payment for the referral of an insured to the public insurance adjuster for any purpose, regardless of the payment amount. In addition, the bill eliminates temporary certification for public insurance adjuster trainees.