INSURANCE Actions Against Insurance Companies: Change Provisions Relating to an Insurer's Liability for Bad Faith Refusal to Pay for Loss Covered by Insurance; Provide for Insurer's Duties with Respect to Settlement of Motor Vehicle Liability Policy Claims; Provide for a Private Cause of Action for Unfair Claims Settlement Practices in Certain Circumstances

Authors

Kathryn H. Wade

Document Type

Peach Sheet

Abstract

The Act amends provisions relating to claims against insurance companies, increasing an insurer's liability for bad faith refusal to pay for a loss covered by insurance. The Act specifically identifies an insurer's duties with respect to the settlement of motor vehicle liability policy claims. In addition, the Act provides for a private cause of action for third parties injured as a result of unfair claims settlement practices in certain circumstances and provides for damages and procedures associated with that cause of action.

Recommended Citation

Kathryn H. Wade, INSURANCE Actions Against Insurance Companies: Change Provisions Relating to an Insurer's Liability for Bad Faith Refusal to Pay for Loss Covered by Insurance; Provide for Insurer's Duties with Respect to Settlement of Motor Vehicle Liability Policy Claims; Provide for a Private Cause of Action for Unfair Claims Settlement Practices in Certain Circumstances, 18 Ga. St. U. L. Rev. (2001).
Available at: https://readingroom.law.gsu.edu/gsulr/vol18/iss1/19