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IN HCR0062
Concurrent Resolution
Status
N/A
Primary Sponsor
Matthew Lehman
Click for details
AI Summary
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Indiana General Assembly declares that the American Law Institute's Restatement of the Law, Liability Insurance (approved at ALI's 2018 annual meeting) does not reflect Indiana's public policy or existing state law
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The Restatement is inconsistent with established insurance law in Indiana and other states, potentially causing confused and conflicting application of law for insurers and policyholders
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Courts should not recognize or afford the Restatement authoritative reference status regarding established rules and principles of insurance law
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The National Conference of Insurance Legislators Executive Committee adopted a similar resolution opposing the Restatement on January 5, 2018
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Resolution passed the House by voice vote on April 22, 2019 and received unanimous Senate committee approval (12-0) on April 23, 2019
Legislative Description
A CONCURRENT RESOLUTION regarding the Restatement of the Law, Liability Insurance that was approved at the 2018 annual meeting of the American Law Institute.