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CA AB2776

Bill

Status

Failed

11/30/2016

Primary Sponsor

Kansen Chu

Click for details

Origin

State Assembly

2015-2016 Session

AI Summary

  • Amends Insurance Code Section 790.034 to make technical, nonsubstantive changes to claims settlement requirements for insurers.

  • Requires each insurer to provide insured parties with a legible copy of specified Insurance Code provisions and a written notice within 15 calendar days of receiving a claim notice.

  • Mandates insurers provide copies of fair claims settlement regulations and related code sections upon request within 15 calendar days, unless those regulations do not apply to that class of insurer.

  • Applies to all insurers except those licensed under Chapter 1 of Part 6 of Division 2 with respect to specific policies and endorsements.

  • Becomes operative on January 1, 2017.

Legislative Description

Insurance: claims settlement.

Last Action

Died at Desk.

11/30/2016

Full Bill Text

No bill text available