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2004 SESSION

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HB 1417 Insurance claims; settlement of estate of insured.

Introduced by: Albert C. Pollard, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Insurance; unfair settlement practices. Requires an insurer to pay the estate of a deceased insured 125 percent of a claim settlement if the insurer fails to pay a claim within a reasonable time when liability has become reasonably clear, and the insured dies. A "reasonable time" is defined as one year or sooner.

FULL TEXT

• 01/23/04  House: Presented & ordered printed 040473468  pdf | impact statement

HISTORY

• 01/23/04  House: Presented & ordered printed 040473468
• 01/23/04  House: Referred to Committee on Commerce and Labor
• 02/12/04  House: Continued to 2005 in Commerce and Labor (22-Y 0-N)