Uninsured motorist insurance coverage; settlement and release. (SB1293)

Introduced By

Sen. Ben Chafin (R-Lebanon)

Progress

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

Description

Uninsured motorist insurance coverage; settlement and release. Provides that any release executed as a result of a liability insurer settling a personal injury claim with an underinsured claimant for the available limits of the liability insurer's coverage shall not operate to release any parties other than the liability insurer and the underinsured motorist. The bill clarifies that neither a duty to defend nor an attorney-client relationship is created between the underinsured motorist and counsel for the underinsured motorist benefits insurer without the express intent and agreement of the underinsured motorist. The measure modifies the language in the written notice that is required to be provided to the underinsured motorist upon settlement to further clarify that no attorney-client relationship or duty to defend is created between the underinsured motorist and the underinsured motorist benefits insurer as a result of the settlement and release. The bill clarifies that by sending the notice and release to the underinsured motorist's last known address by certified mail, the liability insurer satisfies the requirement of having the underinsured motorist sign the release and initial the notice. Amends § 38.2-2206, of the Code of Virginia. Read the Bill »

Status

01/21/2019: passed committee

History

DateAction
01/07/2019Prefiled and ordered printed; offered 01/09/19 19102892D
01/07/2019Referred to Committee on Commerce and Labor
01/20/2019Impact statement from SCC (SB1293)
01/21/2019Reported from Commerce and Labor (15-Y 0-N)

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