SB 27

Abstract

Uninsured and underinsured motorist insurancepolicies; bad faith. Provides that if an insurance company denies,refuses, or fails to pay its insured, or refuses a reasonable settlementdemand within the policy's coverage limits, for a claim for uninsuredor underinsured motorist benefits within a reasonable time afterbeing presented with a demand for such benefits and it is subsequentlyfound that such denial, refusal, or failure was not in good faith, then the insurance company shall be liable to the insured for thefull amount of the judgment and reasonable attorney fees, expenses,and interest from the date the initial settlement demand was presentedto the insurance company.