Passed BothConf. Cmte
- Civil Action - Surety Insurance - Failure to Act in Good Faith
- Sponsored by
- Senator Reilly
- In the Senate - Hearing 2/03 at 1:00 p.m.
- Fiscal and Policy Note
Authorizing the recovery of actual damages, expenses, litigation costs, and interest in obligee claims against surety insurance providers under certain circumstances; applying certain provisions of law on unfair claim settlement practices to surety insurance; requiring an obligee to comply with certain procedures before bringing a certain claim against a surety insurance provider; applying the Act prospectively; etc.
Bill File Type: Regular
Effective Date(s): October 1, 2021
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( 3-1701 )
( 1-101, 27-1001, 27-302 through 27-304 )
Last Updated: 4/1/2021 6:13 PM