HB608 Alabama 2010 Session

Summary

Primary Sponsor

Demetrius C. Newton

Democrat

Session

Regular Session 2010

Title

Insurance, discretionary clause in insurance policies prohibited, interpretation clause in insurance policy to be void and unenforceable

Description

Under existing law, a policy or certificate of insurance offered or issued in this state may contain a clause reserving discretion to the insurer to interpret the terms and to provide standards of interpretation of the policy or certificate.

This bill would provide that a clause in a policy or certificate of insurance offered or issued in this state which reserves discretion to the insurer to interpret the terms and/or to provide standards of interpretation of the policy or certificate shall be void and unenforceable.

Show more Show less

Subjects

Insurance