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DE HB262

Bill

Official Source

Status

Introduced

6/27/2017

Primary Sponsor

Charles Paradee

Click for details

Origin

House of Representatives

149th General Assembly

AI Summary

  • Amends Title 18 of the Delaware Code to prohibit insurers from revoking or attempting to revoke settlement offers made to insureds as an unfair claim settlement practice
  • Allows revocation of settlement offers only if the insurer has reasonable belief that the insured committed fraud against the insurer in relation to the insurance policy at issue
  • Takes effect 90 days after enactment into law
  • Classifies prohibited revocation practice as an unfair method of competition and unfair or deceptive act in the insurance business under § 2304

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

6/27/2017

Committee Referrals

Economic Development/Banking/Insurance/Commerce6/27/2017

Full Bill Text

No bill text available