The invoice’s findings describe a post-loss project of advantages as a contractual switch of declare rights and advantages to a 3rd get together (typically a restoration or mitigation contractor) and distinguish it from an insured’s authorisation of direct fee to a contractor, and from coverage situations proscribing project of the coverage itself with out insurer approval. The Washington Insurance coverage Commissioner is referenced within the invoice because the requestor, and the invoice would give the commissioner enforcement authority the place there may be trigger to imagine the prohibition has been violated, together with the flexibility to take actions beneath RCW 48.02.080 and impose a advantageous of $50,000 per violation, with fines paid to the state treasurer for the overall fund. The invoice additionally units out exceptions, stating the restriction doesn’t apply to an insured’s written settlement with a licensed public adjuster to characterize solely the policyholder’s monetary curiosity on the loss; a written lawyer settlement compensating the lawyer by a proportion of financial restoration as permitted by the foundations {of professional} conduct; sure assignments or transfers granted to a federally insured monetary establishment, mortgagee, or subsequent purchaser of the property; or legal responsibility protection beneath private or industrial traces.
