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SS/HB 1531 - This act provides that if an insurer files an action for interpleader and deposits the limits of coverage amount with the court, the insurer shall not be liable to any insured or defendant for an amount in excess of the insurer's contractual coverage limits in an interpleader or other action, provided that the insurer defends the insured in good faith from any claim for damages allegedly caused by the occurrence for which the limits of coverage are paid into the court. This act does not require the release or dismissal of a claim against the insured and also does not modify an insured's right to consent or control the defense of a claim. This act is similar to SB 778 (2018). JESSI JAMES
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