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2003 SESSION

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HB 2333 Insurance; unfair settlement practices; replacement and repair.

Introduced by: Floyd H. Miles, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Insurance; unfair settlement practices; replacement and repair. Prohibits insurance companies and their representatives from recommending the use of a designated replacement or repair facility or service or products of a designated manufacturer when settling a claim without first (i) advising the insured or claimant that they are not obligated to use such facilities, services, or materials and (ii) disclosing to the insured or claimant whether or not the insurer or its representative has a financial interest in the facility. Failure to advise the insured or claimant may result in penalties of up to $5,000. The use of such facilities, services or materials alters neither the insurer's nor the insured or claimant's liabilities or obligations under the insurance policy or applicable law. This bill is incorporated into HB 2267.

FULL TEXT

• 01/08/03  House: Presented & ordered printed, prefiled 01/08/03 036560850  pdf | impact statement

HISTORY

• 01/08/03  House: Presented & ordered printed, prefiled 01/08/03 036560850
• 01/08/03  House: Referred to Committee on Commerce and Labor
• 01/23/03  House: Incorporated by C. & L. (HB2267-Hargrove) (22-Y 0-N)