Prejudgment interest on awards; insurer denial of coverage or liability. (SB233)

Introduced By

Sen. Chap Petersen (D-Fairfax)

Progress

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

Description

Prejudgment interest on awards; insurer denial of coverage or liability. Requires an insurer to pay interest on the principal sum awarded by the court at the judgment rate from the date of the filing of a civil action that is instituted by an insured against his insurer, or by a third party asserting a claim against an insured covered by an insurer under a liability insurance policy, when the action is instituted after the insurer has denied coverage or liability. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/03/2014Prefiled and ordered printed; offered 01/08/14 14101842D
01/03/2014Referred to Committee for Courts of Justice
01/15/2014Failed to report (defeated) in Courts of Justice (5-Y 10-N) (see vote tally)
01/15/2014Committee substitute printed to Web only 14103703D-S1