Bill Text | History of Actions | Background | Title |
Description: Property/casualty insurance claims; require timely payment of.
Bill Text: [Introduced]
| 1 | 01/16 (H) Referred To Insurance | |
| 2 | 01/31 (H) Died In Committee |
| Effective date | July 1, 2006 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Principal Author: Franks
Title: AN ACT TO PROVIDE THAT INSURANCE COMPANIES MUST PAY ON A TIMELY BASIS THE BENEFITS PROVIDED UNDER THE TERMS OF AUTOMOBILE, HOMEOWNERS, AND FLOOD, HURRICANE OR WINDSTORM INSURANCE POLICIES, OR IN THE ALTERNATIVE, PAY INTEREST ON CLAIMS NOT PAID ON A TIMELY BASIS; TO PROVIDE CONDITIONS UNDER WHICH THE PAYMENT OF CLAIMS SHALL NOT BE CONSIDERED TO BE UNTIMELY; TO PROVIDE FOR THE CALCULATION OF INTEREST ON CLAIMS THAT ARE NOT PAID ON A TIMELY BASIS; AND FOR RELATED PURPOSES.
End Of Document
2006/html/History/HB/HB1183.htm