New York Assembly Bill A03741

New York 2025-2026 Regular Session

• Introduced: 1/30/25
• Refer: 1/30/25
• Refer: 1/7/26

Caption

Relates to claims for loss or damage to real property; creates continuing education requirements for licensed persons and qualifications for public and independent adjusters; allows for a revocation of licenses with an opportunity to reapply for such licenses.

Summary

Bill A03741 amends the New York insurance law to address claims for loss or damage to real property and establishes continuing education requirements for licensed public and independent adjusters. Specifically, it prohibits insurers from mandating that repairs be completed by a specific entity unless stated in the policy, while allowing recommendations with required disclosure of any financial interests. Additionally, the bill outlines the qualifications for independent adjusters, requiring them to pass a written examination and have relevant experience or training.

Impact

The bill impacts the insurance industry by enhancing consumer rights regarding property repairs and establishing stricter qualifications and continuing education requirements for adjusters. This could lead to increased transparency in the claims process and potentially improve the quality of service provided by adjusters. The changes are expected to affect how insurance claims are handled in New York, ensuring that insured parties have more freedom in choosing repair services.

Sentiment

The general sentiment around Bill A03741 appears to be cautiously supportive, as it aims to protect consumers while also ensuring that adjusters are adequately trained. However, there may be concerns from insurers regarding the implications of the changes on their operations and the potential increase in costs associated with compliance and training requirements.

Contention

Notable points of contention include the potential pushback from insurance companies who may be concerned about the implications of not being able to dictate repair services. Additionally, there may be debates regarding the adequacy of the proposed continuing education requirements and whether they sufficiently prepare adjusters for the complexities of insurance claims.