629.07 Assignment of proceeds prohibited.
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/wi/chapter-629/629-07-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
629.07 Assignment of proceeds prohibited.
(1)A public adjuster may not request or accept an assignment of insurance policy proceeds from an insured with whom the public adjuster has entered into a contract under s. 629.04 . An insurer may not be required to honor an assignment of insurance policy proceeds to a public adjuster.
(2)A public adjuster may request that an insurer include both the public adjuster and the insured on a check paying all or part of the proceeds of an insurance policy if the contract under s. 629.04 permits joint payment of proceeds.