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DE HB263

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 Delaware Code Title 18 § 2304 to modify unfair claim settlement practices for insurance companies
  • Prohibits insurers from frequently attempting to settle claims for less than what a reasonable person would consider fair based on written advertising, verifiable valuation data, or retail values from nationally recognized databases
  • Specifically references common valuation tools such as the NADA guides and other nationally recognized valuation databases for motor vehicle claims
  • Takes effect 90 days after enactment into law

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