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HB 427: Civil Remedies Against Insurers

GENERAL BILL by Passidomo

Civil Remedies Against Insurers; Requires that before bringing common-law bad faith action against insurer, party bringing action must first provide to DOI & insurer prior written notification of specified number of days; requires notice relating to bringing of common-law claim of bad faith must specify common-law duty violated by insurer; requires notice to specify amount of moneys that insurer has failed to tender or pay if specific statutory or common-law based violation includes such failure; provides that circumstances giving rise to statutory or common-law based violations are corrected by specifically described monetary tenders by insurer; provides that either third-party claimant or insured is entitled to general release, etc.

Effective Date: 7/1/2012
Last Action: 1/31/2012 House - Unfavorable by Civil Justice Subcommittee, laid on Table; YEAS 7 NAYS 8
Location: Laid on Table
Bill Text: PDF



Bill History

Date Chamber Action
10/20/2011 House • Filed
10/28/2011 House • Referred to Civil Justice Subcommittee; Insurance and Banking Subcommittee; Judiciary Committee -HJ 43
1/10/2012 House • Introduced -HJ 43
1/24/2012 House • On Committee agenda-- Civil Justice Subcommittee, 01/26/12, 8:00 am, 404 HOB --Retained
1/31/2012 House • On Committee agenda-- Civil Justice Subcommittee, 01/31/12, 8:00 am, 404 HOB
• Unfavorable by Civil Justice Subcommittee, laid on Table; YEAS 7 NAYS 8