An Act To Amend the Laws That Govern the Activities of Insurance Adjusters
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 24-A MRSA §1476, sub-§1, as enacted by PL 1997, c. 592, §43, is repealed.
Sec. 2. 24-A MRSA §1476, sub-§2, as enacted by PL 1997, c. 592, §43, is amended to read:
2. Contract provision. Any such An adjustment services contract 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.
SUMMARY
Current law prohibits an insurance adjuster from soliciting or offering an adjustment services contract to any person for at least 36 hours after an accident or occurrence as a result of which the person might have a potential claim. This bill repeals that prohibition.