MUST AN INSURER MAKE EFFORTS TO SETTLE WHEN LIABILITY IS CLEAR
Last night I used Live search to find more information on ‘nys no fault law’.. And this is one of the many results I found:
Consequently, both Insurance Law 2601 and Regulation 64 provide that an insurance company must effectuate a settlement promptly and in good faith when there i s a reasonable basis for doing so. … Co. of N. Y), this letter, and the recent draft regulation, it looks like a bad faith cause of action just may exist against insurance companies who improperly deny n o-fault benefits….
source: MUST AN INSURER MAKE EFFORTS TO SETTLE WHEN LIABILITY IS CLEAR, NO-FAULT PARADISE
What do you say? Please post a comment, thanks!
Permalink for MUST AN INSURER MAKE EFFORTS TO SETTLE WHEN LIABILITY IS CLEAR