Insurance 101 – Chapter 16 Volume 30 – Unfair Claims Settlement Practices Act

Unfair Claims Settlement Practices Act

All 50 states have enacted, in some form, an Unfair Claims Settlement Practices Act that sets forth statutory requirements as to the contents of the denial letter. Evidence of statutory violations may be offered to prove the insurer’s malice or bad faith, so care must be taken to follow the statutory or regulatory requirements in the jurisdiction.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

 

 

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