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1998 SESSION
HB 417 Insurance; unfair settlement practices, replacement and repair.
Introduced by: Whittington W. Clement | all patrons ... notes | add to my profiles
SUMMARY:
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, either orally or in writing, that they are not obligated to use such facilities, services, or materials and (ii) disclosing to the insured or claimant the location of the recommended repair or replacement facility. Failure to advise the insured or claimant may result in penalties of up to $5000. 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 the law.
FULL TEXT
- 01/15/98 House: Presented & ordered printed 983082152 pdf
- 02/05/98 House: Printed as engrossed 983082152-E pdf
AMENDMENTS
HISTORY
- 01/15/98 House: Presented & ordered printed 983082152
- 01/15/98 House: Referred to Committee on Corporations, Insurance and Banking
- 01/22/98 House: Assigned to C. I. B. sub-committee: 3
- 02/03/98 House: Reported from C. I. B. w/amds. (25-Y 0-N)
- 02/04/98 House: Read first time
- 02/05/98 House: Read second time
- 02/05/98 House: Committee amendments agreed to
- 02/05/98 House: Engrossed by House as amended
- 02/05/98 House: Printed as engrossed 983082152-E
- 02/06/98 House: Read third time and passed House (97-Y 0-N)
- 02/06/98 House: VOTE: PASSAGE (97-Y 0-N)
- 02/06/98 House: Communicated to Senate
- 02/09/98 Senate: Constitutional reading dispensed
- 02/09/98 Senate: Referred to Committee on Commerce and Labor
- 03/02/98 Senate: Continued to 1999 in Commerce and Labor (15-Y 0-N)