House Bill 264
149th General Assembly (2017 - 2018)
Bill Progress
House Economic Development/Banking/Insurance/Commerce 6/27/17
The General Assembly has ended, the current status is the final status.
Bill Details
6/27/17
AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO UNFAIR PRACTICES IN THE INSURANCE BUSINESS.
This Act requires insurance companies to pay the insured the amount of the insurance company's offer of settlement which was rejected by the insured party. However, the amount remains subject to both parties' reservation or rights, claims, and arguments for the ultimate outcome of the claim.
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Not Required
Takes effect upon being signed into law
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