AN ACT relating to insurance adjusters.

Amend KRS 304.9-430 and 304.9-433 to increase the minimum financial responsibility requirements for independent, staff, and public adjuster licenses; amend the definition of "home state"; establish requirements for public adjuster contracts with insureds; make technical corrections; create new sections of Subtitle 9 of KRS Chapter 304 to establish requirements for public adjusters relating to notice rights, inspection and investigation of claims, and conflicts of interest; establish requirements relating to funds received, accepted, or held by public adjusters; establish fee requirements for public adjusters; amend KRS 304.9-440 to establish additional penalties for public adjusters and public adjuster apprentices; provide that the commissioner may promulgate administrative regulations necessary for or as an aid to the effectuation of any provision of the Act.