Sec. 38a-726. Fees charged. (a) No public adjuster shall charge or collect a fee if, within thirty days of a loss to a structure covered by a fire insurance policy, the insurer offers in writing to pay the full policy limits.
(b) Any fee charged to an insured by a public adjuster shall be based only on the amount of the insurance settlement proceeds actually paid by the insurer on the account of a loss and shall be collected by such public adjuster after the insurer has paid such settlement proceeds.
(P.A. 90-326; P.A. 12-162, S. 4; P.A. 25-106, S. 1.)
History: P.A. 12-162 designated existing provision as Subsec. (a) and added Subsec. (b) re basis of fee charged by public adjuster, effective July 1, 2012; P.A. 25-106 amended Subsec. (b) by replacing proceeds received by the insured with settlement proceeds paid by the insurer.
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