2014 House Bill 5525

Expand insurance companies sanctions

Introduced in the House

May 6, 2014

Introduced by Rep. Tom Cochran (D-67)

To require that if an insurance company fails to act in good faith and pay benefits in a timely manner, and this leads to an insured receiving a bad credit report, the insurer must contact the large credit rating agencies and tell them that it was the company’s fault.

Referred to the Committee on Insurance