HB 1141 (2023) -  Resolution of Disputed Property Insurance Claims

by Gottlieb
Requires, rather than authorizes, parties to property insurance claims dispute to participate in mediation; provides that mediation is condition precedent to commencing litigation; provides that parties may mutually agree to conduct mediation by teleconference or by telephone; requires all insureds to personally attend mediation; revises & specifies duties as to bearing certain costs of mediation; requires, rather than authorizes, DFS to adopt certain rules; authorizes department to adopt certain emergency rules; requires policyholder to provide insurer with certain documents after mediation is invoked; revises conditions under which policyholder has certain timeframe to rescind settlement.
Effective Date: January 1, 2024
Last Event: Died in Insurance & Banking Subcommittee on Friday, May 5, 2023 11:00 AM

Related Bills

Staff Analysis

(None Available)

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Died in Insurance & Banking Subcommittee Time: 05/05/2023 - 11:00 AM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 03/07/2023 - 10:01 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 03/06/2023 - 7:31 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 03/06/2023 - 7:31 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 03/06/2023 - 7:31 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 03/06/2023 - 7:31 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 02/24/2023 - 12:00 PM Member: Gottlieb Committee: Version: __

Statutes Referenced by this Bill