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A08004 Summary:
| BILL NO | A08004 |
| SAME AS | SAME AS S06556 |
| SPONSOR | Weinstein |
| COSPNSR | Titus, Seawright, Zebrowski, Colton, Cymbrowitz, Jaffee, Titone, Hevesi, Hunter, Brindisi, D'Urso, Davila, Skoufis, Abinanti, Gottfried |
| MLTSPNSR | Brabenec, Castorina, Raia |
| Amd §3420, Ins L | |
| Provides that a liability insurer may be sued for and the plaintiff may recover compensatory damages in excess of the limits of the policy when the insurer failed to effectuate prompt and fair settlement of the claim and considered its interests to the detriment of the insured so as to cause the rendering of a judgment in excess of the policy limits. | |