Environmental & Healthcare Legislative Watch50 States · D.C. · U.S. Congress
From official state and federal legislative records. Informational only, not legal advice.
With a committee
A small team of lawmakers (a committee) is reading it closely and deciding if it's a good idea.
Next: the committee votes on whether it moves to the full chamber.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
SS/SB 1376 - This act modifies provisions relating to property casualty insurance regulations. TRANSFER OF FUNDS TO MISSOURI'S STRONGER HOMES FUND (Section 33.080) Current law provides that ten million dollars shall be transferred from the Insurance Dedicated Fund and placed to the credit of the Rebuild Damaged Infrastructure Fund. This act provides that twelve million dollars shall be transferred from the Insurance Dedicated Fund and placed to the credit of the newly created Missouri's Stronger Homes Fund on July 1, 2027. Funds will be placed on an annual basis commencing July 1, 2028 and ending on July 30, 2037, in amounts as provided in the act. COMPENSATION OF PUBLIC ADJUSTERS (Section 325.052) This act provides that a public adjuster may receive a commission of an hourly fee, a flat fee, or a reasonable percentage of the total amount paid by an insurer to resolve a claim. The total amount of compensation shall not exceed ten percent of the total amount of the insurance settlement on the claim if a state of emergency has been proclaimed for this state or for an area within this state by the Governor or by resolution of the General Assembly, or if the President of the United States has issued a major disaster declaration for this state or for an area within this state under the Robert T. Stafford Disaster Relieve and Emergency Assistance Act. A public adjuster shall not receive a fee or commission based on a percentage of the total amount paid by an insurer to settle a claim if, within ten days of reporting the loss, the insurer either pays or commits in writing to pay the insured the policy limits. A public adjuster shall not sign or endorse any payment draft or check on behalf of the insured, or represent himself or herself in any communication as the insured. All contracts with a public adjuster shall include a disclaimer as defined in the act. Any violation of this provision is a level two violation under current insurance laws.
