Banking and Insurance

Public Adjuster Contracts; Authorizing certain persons to rescind a contract for public adjuster services; clarifying the acts that may subject a public adjuster or public adjuster apprentice to discipline; authorizing certain persons to rescind a contract for public adjuster services, etc.

Protection of Specified Adults; Authorizing financial institutions, under certain circumstances, to delay a disbursement or transaction from an account of a specified adult; specifying that a delay on a disbursement or transaction expires on a certain date; authorizing the financial institution to extend the delay under certain circumstances; authorizing a court of competent jurisdiction to shorten or extend the delay, etc.

Health Insurance Identification Cards; Requiring certain health insurance identification cards to include specified information in a certain manner, etc.

Disposition of Insurance Proceeds; Requiring mortgagees or assignees holding certain insurance proceeds pending completion of all or part of damage repairs to notify insureds of requirements to release the proceeds; providing requirements for the notice, etc.

Surplus Requirements for Residential Property Insurers; Increasing the minimum surplus requirement for certain new insurers transacting residential property insurance; increasing, during specified intervals, the minimum surplus requirement for certain current residential property insurers, etc.