SB 1224 (2012) -  Civil Remedies Against Insurers

by Oelrich
Requiring that before bringing a common-law bad faith action against an insurer, the party bringing the action must first provide to the Department of Financial Services and the insurer prior written notification of a specified number of days; requiring that a notice relating to the bringing of a common-law claim of bad faith must specify the common-law duty violated by the insurer; requiring a notice to specify the amount of moneys that an insurer has failed to tender or pay if the specific statutory or common-law-based violation includes such failure; providing that the applicable statute of limitations is tolled for a specified period of time when certain notices alleging a common-law-based violation are mailed, etc.
Effective Date: 07/01/2012
Last Event: 03/09/12 S Died in Judiciary on Friday, March 9, 2012 11:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Judiciary
  • Banking and Insurance
  • Budget

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Judiciary Time: 03/09/2012 - 11:59 PM Member: Committee: Version: __
Event: S Introduced -SJ 98 Time: 01/10/2012 - 4:52 PM Member: Committee: Version: __
Event: S Referred to Judiciary; Banking and Insurance; Budget -SJ 98 Time: 01/10/2012 - 4:22 PM Member: Committee: Version: __
Event: S Filed Time: 12/08/2011 - 1:39 PM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
624.155 HB 427