SB 1464 (2019) -  Fair Settlement Act

by Brandes
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: 07/01/2019
Last Event: 05/03/19 S Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 301 (Ch. 2019-108) on Friday, May 3, 2019 11:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Banking and Insurance
    • On agenda for: 03/18/19 4:00 PM
  • Judiciary
  • Rules

Related Bills

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Banking and Insurance 3/15/2019 3:25:44 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Banking and Insurance, companion bill(s) passed, see CS/CS/CS/HB 301 (Ch. 2019-108) Time: 05/03/2019 - 11:59 PM Member: Committee: Banking and Insurance Version: __
Event: S Indefinitely postponed and withdrawn from consideration Time: 05/03/2019 - 11:59 PM Member: Committee: Version: __
Event: S On Committee agenda-- Banking and Insurance, 03/18/19, 4:00 pm, 412 Knott Building --Not Considered Time: 03/18/2019 - 6:18 PM Member: Committee: Banking and Insurance Version: __
Event: S Introduced -SJ 196 Time: 03/13/2019 - 4:33 PM Member: Committee: Version: __
Event: S Referred to Banking and Insurance; Judiciary; Rules -SJ 196 Time: 03/08/2019 - 8:43 AM Member: Committee: Banking and Insurance Version: __
Event: S Filed Time: 02/27/2019 - 2:45 PM Member: Committee: Version: __

Statutes Referenced by this Bill