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DE HB423

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 add a new unfair claim settlement practice prohibition
  • Requires insurance companies to promptly pay to the insured the amount of their settlement offer that was rejected by the insured
  • Preserves all rights, claims, and arguments for both parties regarding the proper final amount of the claim
  • Takes effect 90 days after 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