SB 0458 Subjects mutual insurance companies to various insurance laws
LR Number:S1849.02I Fiscal Note:1849-02
Committee:Insurance and Housing
Last Action:02/22/99 - Referred S Insurance & Housing Committee Journal page:S305
Effective Date:August 28, 1999
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Current Bill Summary

SB 458 - This act subjects mutual insurance companies to the vexatious refusal to pay laws and other insurance laws regarding fire loss. This bill also creates immunity for mutual insurance companies and their agents from any cause of action, including defamation, for statements made in connection with the written denial of claim. This act subjects lawsuits on an assessable policy to the statute of limitations as provided for in Chapter 516.