INSURANCE ADJUSTER LICENSE H.B. 5156 (H-1):
FLOOR SUMMARY
House Bill 5156 (Substitute H-1 as reported without amendment)
Sponsor: Representative Joel Johnson
CONTENT
The bill would amend the Insurance Code to do the following:
-- Create an exemption to the insurance adjuster licensure requirement for an individual who collected or furnished claim information and conducted data entry, under certain circumstances.
-- Prohibit the Commissioner of Financial and Insurance Regulation from issuing a nonresident adjuster license to an individual who was a resident of Canada, unless the individual had received a resident license from another state or declared another state his or her home state.
The proposed licensure exemption would apply to an individual who collected claim information from, or furnished claim information to, insureds or claimants, and who conducted data entry, including entering data into an automated claims adjudication system, if the individual were under the supervision of at least one licensed independent adjuster or an exempt employee or manager of an insurer.
MCL 500.1201 et al. Legislative Analyst: Julie Cassidy
FISCAL IMPACT
The bill would have no fiscal impact on State or local government.
Date Completed: 12-5-12 Fiscal Analyst: Josh Sefton
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.