RIMS, a risk management society, is supporting the Claims Licensing Advancement for Interstate Matters Act. Introduced to the U.S. House of Representatives, the legislation encourages the National Association of Insurance Commissioners to establish uniformity and reciprocity among states that license insurance claims adjusters.
The CLAIM Act calls for the NAIC to adopt and administer a multi-state examination for independent claims adjusters seeking to adjust claims in jurisdictions other than their home states, according to RIMS. States without licensing requirements for independent claims adjusters would not be obligated to adopt any such requirements. The change in policy would impact the adjustment of property, casualty, disability and/or workers’ compensations claims.
RIMS said it will continue to monitor the progress of the CLAIMS Act and other key legislation that impact the risk management profession.
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