Bill > S2204

This bill strengthens consumer protections by amending existing laws on deceptive trade practices to include specific definitions related to the insurance claim process. It defines "claimant" as anyone asserting rights to payment or benefits under an insurance policy, and "insurer" as an entity that issues or administers insurance contracts. The bill also defines "insurance claim handling services" to encompass activities like investigation, adjustment, and settlement of claims performed by insurers or their representatives. These new definitions are intended to clarify and address deceptive practices that may occur during the handling of insurance claims, thereby enhancing protections for consumers involved in such processes. The act will become effective upon its passage.

Business and Industry

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