Requires insurance companies to settle claims or request additional information within 30 days of receipt of a notice of claim. Failure to comply results in $250/day payable to the insured party.
Introduced on 3/4/26
Summary
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From the Legislature
INSURANCE -- DOMESTIC INSURANCE COMPANIES - Requires insurance companies to settle claims or request additional information within 30 days of receipt of a notice of claim. Failure to comply results in $250/day payable to the insured party.
Sponsors
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8
0
Democratic CaucusRepublican Caucus
Roll Call Votes
Senate Committee on Commerce: Be held for further study
10 Yea
RDDDDDDDDD0 Nay
1 Absent
DCalendar
Mar 31
12:00 AM
Senate Commerce Hearing