Uninsured and underinsured motorist insurance policies; bad faith. (SB1117)

Introduced By

Sen. Chap Petersen (D-Fairfax)

Progress

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

Description

Uninsured and underinsured motorist insurance policies; bad faith. Provides that if an insurance company denies, refuses, or fails to pay its insured, or refuses a reasonable settlement demand within the policy's coverage limits for a claim for uninsured or underinsured motorist benefits within a reasonable time after being presented with a demand for such benefits and it is subsequently found that such denial, refusal, or failure was not in good faith, then the insurance company shall be liable to the insured for the full amount of the judgment and reasonable attorney fees, expenses, and interest. Amends § 38.2-2206, § 8.01-66.1, of the Code of Virginia. Read the Bill »

Status

12/26/2018: Awaiting a Vote in the Commerce and Labor Committee

History

DateAction
12/26/2018Prefiled and ordered printed; offered 01/09/19 19100551D
12/26/2018Referred to Committee on Commerce and Labor

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