To curb fraud in the state of Kentucky new laws have passed making it tougher for Public Adjusters.
H 233 requires public adjusters to post a Surety bond in the amount of $20,000 “minimum” . The bond would benefit any person that sustains damage as a result of the public adjusters failure to act, conviction of fraud, erroneous acts, or conviction of unfair trade practices. The law was signed by the Governor on 4/8/10.
Tags: KENTUCKY Public Adjuster Bond, Public Adjuster Bond, surety bond
