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S02892 Summary:
BILL NO | S02892 |
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SAME AS | SAME AS A00932 |
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SPONSOR | SEWARD |
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COSPNSR | |
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MLTSPNSR | |
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Amd S5106, Ins L | |
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Provides that payment of interest payment and attorney fees to claimant when payment of a claim is overdue shall be exclusive remedy when insurer fails to make timely payment; such failure of insurer to make timely payment or issue denial within 30 days after proof of claim has been submitted to insurer shall not preclude such insurer from issuing a denial or asserting a defense after the 30 day period has elapsed. |