CHAPTER 86
H.P. 271 - L.D. 335
An Act to Prohibit Certain Activities by Insurance Adjusters
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 24-A MRSA §1858 is enacted to read:
§1858. Activities of insurance adjusters
The following requirements govern the activities of insurance adjusters.
1. Solicitation. An adjuster may not solicit or offer an adjustment services contract to any person not insured by the insurer for which the adjuster is providing services for at least 36 hours after an accident or occurrence as a result of which the person might have a potential claim.
2. Contract provision. Any adjustment services contract between an adjuster and any person not insured by the insurer for which the adjuster is providing services must contain a provision, prominently printed on the first page of the contract, stating that the person contracting with the adjuster has the option to rescind the contract within 2 business days after the contract is signed.
Sec. 2. Allocation. The following funds are allocated from Other Special Revenue to carry out the purposes of this Act.
1997-98 1998-99
PROFESSIONAL AND FINANCIAL REGULATION, DEPARTMENT OF
Bureau of Insurance
Positions - Legislative Count (0.500) (0.500)
Personal Services $6,300 $8,825
All Other 3,750 5,000
Capital Expenditures 3,000
Allocates funds for one part-time Market Conduct Examiner and related costs of enforcing certain prohibitions pertaining to insurance adjusters.
DEPARTMENT OF PROFESSIONAL AND FINANCIAL REGULATION ____________ ____________
TOTAL $13,050 $13,825
See title page for effective date.
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