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A00147 Summary:

BILL NOA00147
 
SAME ASNo Same As
 
SPONSORRozic
 
COSPNSRAbinanti
 
MLTSPNSR
 
Add S2601-a, Ins L
 
Enacts the "abusive insurance practices remedy act"; enacts provisions relating to unfair claim settlement practices; provides that an insurer doing business in this state shall be liable to a policy holder for such insurer's refusal to pay or unreasonable delay of payment to the policy holder if such refusal or delay was not substantially justified; enumerates instances whereby an insurer's refusal or delay of payment is not substantially justified including intentional negligence, failure to act in good faith, failure to provide written denial of claim and failure to make final determination of claim within six months.
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