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DE HB244

Bill

Official Source

Status

Introduced

6/14/2016

Primary Sponsor

Charles Paradee

Click for details

Origin

House of Representatives

148th General Assembly

AI Summary

  • Amends Delaware Code Title 18, § 2304 to expand the definition of unfair claim settlement practices
  • Prohibits insurance companies from frequently attempting to settle claims for less than what a reasonable person would consider fair based on written advertising or application materials
  • Adds reference to "common, verifiable compilation of valuation data" (such as NADA guides) as a standard for determining reasonable claim settlement amounts
  • Takes effect upon enactment

Legislative Description

An Act To Amend Title 18 Of The Delaware Code Relating To Unfair Practices In The Insurance Business.

Last Action

Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House

6/14/2016

Committee Referrals

Economic Development/Banking/Insurance/Commerce6/14/2016

Full Bill Text

No bill text available