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A03305 Summary:

BILL NO    A03305 

SAME AS    SAME AS S02544

SPONSOR    Brennan (MS)

COSPNSR    Cook, Zebrowski, Rosenthal, Jaffee, Kellner, Gunther, Robinson,
           Kavanagh, Hooper, Colton, Scarborough, Weprin, Perry, Schimel,
           Benedetto, Brindisi, Mosley, Montesano, Roberts, Raia, Steck,
           Brook-Krasny, Thiele, Lifton, Goldfeder

MLTSPNSR   Cahill, Cusick, Cymbrowitz, Gottfried, Markey, Millman, Ra, 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.
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