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News & Press: Advocacy

New Bill Update: AB 1515, Omnibus provisions

Monday, January 4, 2016   (1 Comments)
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This omnibus bill clarifies and improves various sections of the Insurance Code, the body of law that provides for consumer protections and regulation of insurance companies. Specifically it includes provisions that restore the requirement that interest be applied to claim payments under non-health disability policies when the payment is made more than 30 days after receipt of the claim. It also restores the requirement that interest be applied to claim payments under non-health disability policies when the payment is made more than 30 days after receipt of the claim. Most of the provisions in this bill take effect January 1, 2016.

Comments...

Ernest Braunwalder LUTCF says...
Posted Thursday, February 18, 2016
Omnibus

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