SB 1464: Fair Settlement Act
GENERAL BILL by Brandes
Fair Settlement Act; Citing this act as the "Fair Settlement Act"; revising circumstances under which the Department of Financial Services and an authorized insurer must be given a certain presuit notice; requiring insureds, claimants, or any person acting on their behalf to provide insurers with written notices of loss as a condition precedent to bad faith actions; providing a limitation on an insurer’s liability to third-party claimants, under certain circumstances, if it files an interpleader action within a certain timeframe, etc.
Effective Date: 7/1/2019
Last Action: 5/3/2019 Senate - Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 301 (Ch. 2019-108)
Bill Text: Web Page | PDF
Last Action: 5/3/2019 Senate - Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 301 (Ch. 2019-108)
Bill Text: Web Page | PDF
Senate Committee References:
- Banking and Insurance (BI)
- Judiciary (JU)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 2/27/2019 | Senate |
• Filed |
| 3/8/2019 | Senate |
• Referred to Banking and Insurance; Judiciary; Rules -SJ 196 |
| 3/13/2019 | Senate |
• Introduced -SJ 196 |
| 3/18/2019 | Senate |
• On Committee agenda-- Banking and Insurance, 03/18/19, 4:00 pm, 412 Knott Building --Not Considered |
| 5/3/2019 | Senate |
• Indefinitely postponed and withdrawn from consideration • Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 301 (Ch. 2019-108) |
