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A03521 Summary:

BILL NO    A03521 

SAME AS    No same as 

SPONSOR    Rozic

COSPNSR    

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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