Requires certain information be included in certain contracts with licensed public adjusters.

S 1320 requires licensed public adjusters in New Jersey to include specific details in written contracts with insureds. The bill mandates that contracts must list the adjuster's license number, describe services and compensation, and include a clear notice of the insured's right to cancel the contract within three business days. It also requires public adjusters to hold any client funds in an interest-bearing escrow account and provides that insureds can terminate contracts later without penalty, though they remain liable for reasonable fees for services rendered. This law directly affects insureds seeking property damage claim assistance and public adjusters operating in New Jersey.