Enacts the "Automobile Insurance Fraud Prevention Act" to address claims and medical treatment from motor vehicle accidents.

The "Automobile Insurance Fraud Prevention Act" amends the insurance law to enhance fraud prevention and streamline claims processes. It defines "covered person" to include pedestrians and vehicle occupants with financial security. The act mandates timely payments for first-party benefits and allows claimants to seek overdue payments with interest. It also establishes arbitration procedures for disputes, ensuring that arbitrators follow substantive law.

Enacts the "Automobile Insurance Fraud Prevention Act" to address claims and medical treatment from motor vehicle accidents.

The "Automobile Insurance Fraud Prevention Act" amends the insurance law to enhance fraud prevention and streamline claims processes. It defines "covered person" to include pedestrians and vehicle occupants with financial security. The act mandates timely payments for first-party benefits and allows claimants to seek overdue payments with interest. It also establishes arbitration procedures for disputes, ensuring that arbitrators follow substantive law.