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SB17-204

Improper Denial Of Property And Casualty Claims

Concerning the improper denial of property and casualty insurance claims.
Session:
2017 Regular Session
Subject:
Insurance
Bill Summary

Current law allows a third party, 'on behalf of' the insured, to claim double damages and attorney fees from a property and casualty insurer for an unreasonable delay or denial of benefits. The bill eliminates the 'on behalf of' language so that only the named insured may claim double damages and attorney fees from a property and casualty insurer.

The bill also requires an insured to provide notice to the property and casualty insurer of the insured's intent to file for double damages and attorney fees under the law.
(Note: This summary applies to this bill as introduced.)

Status

Introduced
Lost

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Bill Text

Colorado legislature email addresses ending in @state.co.us are no longer active. Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses. Details

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details