Improper Denial Of Property And Casualty Claims
Current law allows a third party, 'on behalf of' the insured, to claim double damages and attorney fees from a property and casualty insurer for an unreasonable delay or denial of benefits. The bill eliminates the 'on behalf of' language so that only the named insured may claim double damages and attorney fees from a property and casualty insurer.
The bill also requires an insured to provide notice to the property and casualty insurer of the insured's intent to file for double damages and attorney fees under the law.
(Note: This summary applies to this bill as introduced.)