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DE HB264

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 add a new unfair claim settlement practice provision
  • Requires insurers to promptly pay the insured the amount of the insurer's settlement offer that was rejected by the insured, while both parties retain all rights and arguments for future determination
  • Applies exclusively to private passenger motor vehicle insurance settlement offers related to property damage
  • 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