Michigan SB0245 amends insurance laws to modify insurer duties and claim processing.

Michigan SB0245 amends sections of the Michigan insurance code to modify duties of insurers and establish procedures for timely processing and payment of claims. It defines terms such as "clean claim" and outlines requirements for insurers to pay claims within 45 days if they meet certain criteria. The bill also specifies that insurers must pay interest on claims not paid on time and allows for civil actions for damages in cases of bad faith failure to settle.

Michigan SB0245 amends insurance laws to modify insurer duties and claim processing.

Michigan SB0245 amends sections of the Michigan insurance code to modify duties of insurers and establish procedures for timely processing and payment of claims. It defines terms such as "clean claim" and outlines requirements for insurers to pay claims within 45 days if they meet certain criteria. The bill also specifies that insurers must pay interest on claims not paid on time and allows for civil actions for damages in cases of bad faith failure to settle.