Claims-made liability insurance policies; prohibits an insurer from denying coverage. (SB1377)

Introduced By

Sen. Don McEachin (D-Richmond)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Claims-made liability insurance policies.  Prohibits an insurer from denying coverage under a claims-made liability insurance policy for a claim based on the insured's failure to notify the insurer that a claim might be made under the policy, unless (i) the insured's failure to notify the insurer of the potential claim prejudices the insurer or (ii) the insured understood that the claim would be made under the policy. Read the Bill »

Status

01/24/2011: Failed to Pass in Committee

History

DateAction
01/13/2011Presented and ordered printed 11104055D
01/13/2011Referred to Committee on Commerce and Labor
01/24/2011Passed by indefinitely in Commerce and Labor (12-Y 2-N) (see vote tally)
01/25/2011Impact statement from SCC (SB1377)

Duplicate Bills

The following bills are identical to this one: HB2274.