Uninsured and underinsured motorist insurance policies; bad faith. (SB17)

Introduced By

Sen. Chap Petersen (D-Fairfax) with support from co-patrons Del. Mark Levine (D-Alexandria), and Sen. Adam Ebbin (D-Alexandria)

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 »

Outcome

Bill Has Failed

History

DateAction
11/20/2017Prefiled and ordered printed; offered 01/10/18 18100555D
11/20/2017Referred to Committee on Commerce and Labor
01/10/2018Impact statement from SCC (SB17)
01/22/2018Rereferred from Commerce and Labor (12-Y 0-N) (see vote tally)
01/22/2018Rereferred to Courts of Justice
01/24/2018Continued to 2019 in Courts of Justice (15-Y 0-N) (see vote tally)
11/30/2018Left in Courts of Justice

Post a Public Comment About this Bill



if you have one


(Limited HTML is OK: <a>, <em>, <strong>, <s>, <embed>)