|
SB 336 - This act provides that if the Director of Insurance determines an insurance company should pay interest on any claims, refunds, or payments pursuant to an investigation by the Director, stipulation of settlement agreement, or other remedial action, such funds shall bear interest at the annual adjusted prime interest rate, not to exceed 9 percent. This act is identical to HB 345 (2017), and similar to provisions in HCB 10 (2017), SS/SCS/HCS/HB 292 (2017), and HCS/SCS/SB 334 (2017). ERIC VANDER WEERD
|
