An Act amending the act of December 20, 1983 (P.L.260, No.72), referred to as the Public Adjuster Licensing Law, further providing for definitions, for license, for written disclosure of financial interest and for bond; providing for fees, for requirements and prohibitions and for separate pre-contract disclosure; and further providing for contract and for revocation, etc., of license.

Added a new definition for 'Catastrophic Event' that includes five specific scenarios: major disasters, disaster emergencies, incidents causing substantial loss of life or injury, widespread infrastructure destruction, overwhelming demand on emergency systems, severe economic disruption, and impairment of government response capacity.

Added a new definition for 'Insurance Claim Settlement' to clarify that it refers to settlements for claims arising from catastrophic events, distinguishing it from other claim types.

Modified contract rescission timelines to include specific timeframes for catastrophic claims (10 business days) and direct solicitation cases (5 business days), while adding a new category for all other insurance claims (3 business days).

Added new contract disclosure requirements, including a statement affirming that public adjusters have no financial interest in the claim beyond their established fee, and expanded the list of required contract contents.

Modified fee collection prohibitions to explicitly cover both catastrophic claim settlements and insurance claim settlements, preventing public adjusters from collecting fees from portions of claims received before they were retained.