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2012 SESSION
SB 654 Claims-made liability insurance policies; notice of potential claim.
Introduced by: A. Donald McEachin | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Claims-made liability insurance policies. Prohibits an insurer from denying coverage under a claims-made liability insurance policy for a claim based on the insured's failure to notify the insurer that a claim might be made under the policy, unless (i) the insured's failure to notify the insurer of the potential claim prejudices the insurer or (ii) the insured understood that the claim would be made under the policy.
FULL TEXT
HISTORY
- 01/20/12 Senate: Unanimous consent to introduce
- 01/20/12 Senate: Presented and ordered printed 12104087D
- 01/20/12 Senate: Referred to Committee on Commerce and Labor
- 02/06/12 Senate: Stricken at request of Patron in Commerce and Labor (15-Y 0-N)