Insurance; unfair claim settlement practices, modification of loss estimate.
It became law on Apr 13.
- Stage
- Became law
- Started in
- House
- Sponsors
- +2
- Latest action
- Apr 13
Where it stands
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What it does
Insurance; unfair claim settlement practices; modification of loss estimate. Prohibits an insurer, when reducing a loss estimate of $3,000 or more, from altering or amending an insurance adjuster's estimate of damages, photographic report data, or narrative report without meeting certain requirements including providing the policyholder with a detailed explanation as to why any change that has the effect of reducing the loss estimate was made.
Where it goes next
Law in Virginia. Agencies now write the rules that carry it out, and courts can stay or strike it.
Looking this up…
What moved
Who is involved
- Dan HelmerLead sponsor
- May NivarCo-sponsor
- Nicole ColeCo-sponsor
- Phil HernandezCo-sponsor
Sponsors
The lawmakers who put their names on it, lead sponsors first.
- Dan Helmer
- Mark C. Downey
- May Nivar
- Nicole Cole
- Phil Hernandez
- Stacey Annie Carroll
In the news
Reporting that may mention this subject. Possible matches are labeled.
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