House File 2583 - Introduced



                                       HOUSE FILE       
                                       BY  COMMITTEE ON JUDICIARY

                                       (SUCCESSOR TO HSB 668)


    Passed House, Date               Passed Senate,  Date             
    Vote:  Ayes        Nays           Vote:  Ayes        Nays         
                 Approved                            

                                      A BILL FOR

  1 An Act relating to certain liability insurance policy information
  2    required to be given to claimants.
  3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
  4 TLSB 6432HV 82
  5 av/nh/14

PAG LIN



  1  1    Section 1.  NEW SECTION.  515.134A  POLICY INFORMATION ==
  1  2 DUTY TO PROVIDE.
  1  3    1.  Upon the written request of a claimant or a claimant's
  1  4 representative, an insurer that is providing or may provide
  1  5 liability insurance coverage of the claimant's claim or a
  1  6 portion of that claim under a policy of insurance, shall,
  1  7 within thirty days, provide a written statement, made by an
  1  8 authorized person, stating the limits of any liability
  1  9 insurance coverage.  The statement shall include the limits of
  1 10 liability insurance coverage with respect to each policy of
  1 11 insurance issued by that insurer, including excess or umbrella
  1 12 insurance, under which such coverage is being provided or may
  1 13 be provided.
  1 14    2.  Information provided to a claimant or a claimant's
  1 15 representative pursuant to this section shall be amended
  1 16 within fourteen days of the discovery that the information
  1 17 provided is incorrect.
  1 18                           EXPLANATION
  1 19    This bill requires insurers to provide certain information
  1 20 about insurance policies that are providing or may provide
  1 21 liability insurance coverage to a claimant, upon the request
  1 22 of the claimant or the claimant's representative, and to
  1 23 update the information provided upon the discovery that it is
  1 24 not correct.
  1 25 LSB 6432HV 82
  1 26 av/nh/14