SB 1224: Civil Remedies Against Insurers
GENERAL BILL by Oelrich
Civil Remedies Against Insurers; Requiring that before bringing a common-law bad faith action against an insurer, the party bringing the action must first provide to the Department of Financial Services and the insurer prior written notification of a specified number of days; requiring that a notice relating to the bringing of a common-law claim of bad faith must specify the common-law duty violated by the insurer; requiring a notice to specify the amount of moneys that an insurer has failed to tender or pay if the specific statutory or common-law-based violation includes such failure; providing that the applicable statute of limitations is tolled for a specified period of time when certain notices alleging a common-law-based violation are mailed, etc.
Senate Committee References: Judiciary (JU) , Banking and Insurance (BI) , Budget (BC)
Last Action: 03/09/2012 Died in Judiciary
Effective Date: July 1, 2012
Bill History
| Date | Chamber | Action |
|---|---|---|
| 12/08/2011 | Senate | • Filed |
| 01/10/2012 | Senate | • Referred to Judiciary; Banking and Insurance; Budget -SJ 98 • Introduced -SJ 98 |
| 03/09/2012 | Senate | • Died in Judiciary |
