HB18-1153
Property Casualty Insurance Claim Appraisal Procedures
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
Concerning the conduct of appraisals of the value of property covered by property and casualty insurance, and, in connection therewith, specifying the qualifications and rules of conduct for appraisers and umpires engaged in the appraisal process.
Bill Summary:
The bill addresses the situation in which appraisers and, if necessary, an umpire selected by the appraisers or by a court attempt to agree on the fair value of property covered by a property and casualty insurance policy. Specifically, the bill:
- Disqualifies any person from serving as an appraiser or umpire if the person has a known, direct, and material interest in the outcome of the appraisal proceeding or a known, direct, and substantial relationship with a party to the proceeding;
- Requires appraisers and umpires to disclose any prior relationships or interests that might affect their objectivity; and
- Prohibits ex parte communications by or with an umpire.
(Note: This summary applies to this bill as introduced.)
Committees
House
Finance
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/31/2018 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1153 to the Committee of the Whole. | The motion failed on a vote of 5-8. | Vote summary |
| Postpone House Bill 18-1153 indefinitely. | The motion passed on a vote of 10-3. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 03/19/2018 | House | House Committee on Finance Postpone Indefinitely |
| 01/31/2018 | House | Introduced In House - Assigned to Finance |