BILL NO A03305
SAME AS SAME AS S02544
SPONSOR Brennan (MS)
COSPNSR Cook, Zebrowski, Rosenthal, Jaffee, Kellner, Gunther, Robinson,
Kavanagh, Hooper, Colton, Scarborough, Stevenson, Barron
MLTSPNSR Boyland, Brook-Krasny, Cahill, Cusick, Cymbrowitz, Gibson, Gottfried,
Maisel, Millman, Sweeney, Titone, Weisenberg
Add S2601-a, Ins L
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.
