SB 303 - Wieland, Paul
Provides that insurers have the right to defend an insured without reservation before a claimant can contract to limit recovery to certain assets or insurance policies
Bill Details
Sponsor
LR Number
1306S.02C
Title
SCS SB 303
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2017
Committee
Current Status
Informal Calendar S Bills for Perfection--SB 303-Wieland, with SCS
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SB 303 - This act provides that an insurer must have refused the opportunity to defend an insured person without reservation before someone with an unliquidated claim for damages against the insured person may enter into a contract to limit their recovery to certain assets or insurance policies of the insured.
This act further provides that insurers must be notified of such contracts and have an opportunity to intervene as a matter of right before a judgment may be entered against an insured who has executed such a contract.
This act is similar to provisions in SS/SCS/HCS/HBs 339 & 714 (2017), and HB 714 (2017).
ERIC VANDER WEERD