Substitute for Raised H.B. No. 6435
Session Year 2025


AN ACT CONCERNING THE INSURANCE DEPARTMENT'S AUTOMOBILE PHYSICAL AND PROPERTY DAMAGE ARBITRATION PROCESS.

To require that any insurance company involved in any automobile physical or property damage arbitration hearing reimburse the cost of such hearing if the arbitration award is in the claimant's favor, unless such claimant rejected such insurance company's prearbitration offer of compromise of equal or greater value than the arbitration award.


Other Bills with Similar Topics

  Arbitration and award 

  Complaint 

 

  Damages 

 

  Insurance companies 

  Insurance Fund 

  Insurance Department 

 

  Mediation 

  Motor vehicles