2001 Regular Session

SENATE BILL 26

File Code: Insurance - Health
Sponsored By:
Senator Teitelbaum
Entitled:
Disability Insurance - Liability of Insurers for Penalties and Interest on Disputed Claims

Synopsis:

Establishing that an insurer is liable to an insured under a policy of disability insurance for a penalty in the amount of 10% of the disputed claim and specified interest on the claim if the insurer appeals an order of the Insurance Commissioner to pay the claim and the court affirms the order of the Commissioner.

History by Legislative Date

Senate Action
11/8
Pre-filed
1/10
First Reading Finance
1/24
Hearing 2/6 at 1:00 p.m.
2/26
Withdrawn
House Action
No Action
Bill indexed under the following Subjects:
CONSUMER PROTECTION -see also- UNFAIR TRADE PRACTICES
DISABILITIES -see also- BLIND; DEAF; DEVELOPMENTAL
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
INTEREST
LIABILITY -see also- GOOD SAMARITAN
PENALTIES
Bill affects the following Statute:
Insurance
( 15-1010 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered