HR 2998 114th Congress House

CLAIM Act

Official title: To reform uniformity and reciprocity among States that license insurance claims adjusters and to facilitate prompt and efficient adjusting of insurance claims, and for other purposes.

Introduced: July 9, 2015 See on congress.gov

Finance and Financial Sector Insurance industry and regulationIntergovernmental relationsLicensing and registrationsState and local government operations

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 9, 2015

Referred to the House Committee on Financial Services.

Jul 9, 2015

Sponsor introductory remarks on measure. (CR E1027)

Jul 9, 2015

Introduced in House

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Latest action July 9, 2015

Referred to the House Committee on Financial Services.

Plain-English summary Congressional Research Service

Claims Licensing Advancement for Interstate Matters Act or the CLAIM Act

This bill authorizes an independent insurance claims adjuster to apply to the National Association of Registered Agents and Brokers for Membership for the purpose of licensure in any state that requires a license for such adjusters that is not among such states that have enacted, within four years of this Act's enactment: (1) uniform laws and regulations governing the licensure of individuals and entities authorized to adjust claims within the state, and (2) reciprocity laws and regulations governing the licensure of nonresident individuals and entities authorized to adjust such claims within those states.

The Department of the Treasury must annually determine a state's continued compliance with such requirements.

Bill text 1 version