Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 1603.1 - Written disclosure of financial interest(a) Requirement.--A public adjuster shall provide the insured a written disclosure concerning a direct or indirect financial interest the public adjuster has with another party involved in an aspect of the claim other than the salary, fee, commission or other consideration established in the written contract with the insured, including ownership of or compensation expected to be received from a construction firm, building appraisal firm, motor vehicle repair shop or another firm that provides estimates for work or that performs work in conjunction with damages caused by the insured loss on which the public adjuster is engaged.(b) Definition.--As used in this section, the term "firm" shall include a corporation, partnership, association, joint- stock company or person.Added by P.L. 209 2012 No. 21, § 4, eff. 9/30/2012.