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CA AB2776
Bill
Status
11/30/2016
Primary Sponsor
Kansen Chu
Click for details
AI Summary
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Amends Insurance Code Section 790.034 to make technical, nonsubstantive changes to claims settlement requirements for insurers.
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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.
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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.
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Applies to all insurers except those licensed under Chapter 1 of Part 6 of Division 2 with respect to specific policies and endorsements.
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Becomes operative on January 1, 2017.
Legislative Description
Insurance: claims settlement.
Last Action
Died at Desk.
11/30/2016