Public Adjuster Professional Standards Reform Act

HB 2791, the "Public Adjuster Professional Standards Reform Act," establishes new licensing requirements and standards for public adjusters in West Virginia. It requires all public adjusters to obtain a state license by meeting age, background, and exam criteria, and mandates financial responsibility through a $5,000 surety bond or $50,000 letter of credit. The bill also creates specific contract rules between adjusters and insured clients, defines insureds' rights, and sets penalties for violations of these standards. This directly affects public adjusters (professionals hired by policyholders to handle insurance claims) and the homeowners or businesses they represent. The law aims to strengthen oversight of this profession through clearer licensing, financial safeguards, and enforceable contract terms.