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.

Introduced by:
Insurance and Real Estate Committee

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Co-sponsors for Amendment LCO:

Bill History

 Date Action Taken
 7/8/2025Signed by the Governor
 6/25/2025Transmitted by Secretary of the State to Governor
 6/25/2025Transmitted to the Secretary of State
 6/16/2025(LCO)Public Act 25-131
 6/4/2025On Consent Calendar / In Concurrence
 6/4/2025Senate Passed
 6/3/2025Senate Calendar Number 614
 6/3/2025Favorable Report, Tabled for the Calendar, Senate
 6/3/2025Transmitted Pursuant To Joint Rule 17
 6/3/2025House Passed
 3/6/2025(LCO)File Number 52
 3/6/2025House Calendar Number 60
 3/6/2025Favorable Report, Tabled for the Calendar, House
 3/6/2025(LCO)Reported Out of Legislative Commissioners' Office
 2/28/2025(LCO)Referred to Office of Legislative Research and Office of Fiscal Analysis 03/05/25 5:00 PM
 2/20/2025(LCO)Filed with Legislative Commissioners' Office
 2/20/2025(INS)Joint Favorable Substitute
 1/24/2025Public Hearing 01/28
 1/23/2025Referred to Joint Committee on Insurance and Real Estate

Co-sponsors of HB-6435

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