Public adjusters licensure; revise provisions related to.
An Act To Amend Section 83-17-501, Mississippi Code Of 1972, To Define Certain Terms Related To Public Adjusters; To Amend Section 83-17-511, Mississippi Code Of 1972, To Provide For Additional Requirements For The Licensure For Public Adjusters By The Department Of Insurance; To Provide How A Public Adjuster Shall Demonstrate Financial Responsibility; To Provide For The Licensing Of Business Entities As Public Adjusters And Nonresident Public Adjusters; To Amend Section 83-17-523, Mississippi Code Of 1972, To Require Additional Contract Terms In Contracts Between A Public Adjuster And An Insured; To Create A New Section Of Law That Provides That All Funds Received Or Held By A Public Adjuster On Behalf Of An Insured Toward The Settlement Of A Claim Shall Be Handled In A Fiduciary Capacity And Deposited Into Certain Fiduciary Trust Accounts; And For Related Purposes.
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