1. (1) A public adjuster shall keep at the public adjuster's address that the public adjuster registers with the commissioner a record of each investigation, adjustment, or transaction the public adjuster undertakes or completes under the public adjuster's license.

2. (2) For each investigation, adjustment, or transaction, a record described in Subsection (1) shall include:

   1. (a) the name of the insured;
   2. (b) the date, location, and amount of the loss the insured incurs;
   3. (c) a copy of the contract between the public adjuster and the insured;

   4. (d) for each policy an insured carries that relates to the loss the insured incurs:

      1. (i) the name of the insurer;
      2. (ii) the amount of the policy;
      3. (iii) the expiration date of the policy; and
      4. (iv) the number of the policy;
   5. (e) an itemized statement of each of the insured's recoveries;
   6. (f) an itemized statement of all compensation the public adjuster receives in connection with the investigation, adjustment, or transaction;

   7. (g) a register of all money the public adjuster receives, deposits, disburses, or withdraws in connection with a transaction with an insured, including:

      1. (i) a fee transfer;
      2. (ii) a disbursement from a trust account; or
      3. (iii) a transaction that involves an interest-bearing account;
   8. (h) the name of the public adjuster that executed the contract;
   9. (i) the name of the attorney that represents the insured, if applicable;
   10. (j) the name of the insurance company's claims representative; and
   11. (k) documentation that the public adjuster meets all applicable statutory financial responsibility requirements.

Enacted by Chapter 45, 2026 General Session