Bill Text: DE HB422 | 2015-2016 | 148th General Assembly | Draft

---

Bill Title: An Act To Amend Title 18 Of The Delaware Code Relating To Unfair Practices In The Insurance Business.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Introduced - Dead) 2016-06-14 - Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House [HB422 Detail]

Download: Delaware-2015-HB422-Draft.html

---

SPONSOR:	Rep. Paradee & Sen. Ennis
	Reps. Kowalko, Longhurst, Lynn, Mitchell

HOUSE OF REPRESENTATIVES

148th GENERAL ASSEMBLY

HOUSE BILL NO. 422

AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO UNFAIR PRACTICES IN THE INSURANCE BUSINESS.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:

Section 1. Amend §2304, Title 18 of the Delaware Code by making deletions as shown by strike through and insertions shown by underline as follows:

§2304. Unfair methods of competition and unfair or deceptive acts or practices defined.

The following are hereby defined as unfair methods of competition and unfair or deceptive acts or practices in the business of insurance:

(16) Unfair claim settlement practices. — No person shall commit or perform with such frequency as to indicate a general business practice any of the following:

o. Revoking or attempting to revoke an offer of settlement made to an insured.

Section 2.This Act shall take effect 90 days after the date of its enactment.

SYNOPSIS

This Act prohibits insurance companies from revoking, or attempting to revoke, an offer of settlement made to an insured.