Includes insurance in definition of "real estate, goods or services" for purposes of Unlawful Trade Practices Act. Includes insurance in definition of "real estate, goods or services" for purposes of Unlawful Trade Practices Act.
Makes violation of law prohibiting unfair claim settlement practices unlawful trade practice. Permits Attorney General to define by rule additional unfair claim settlement practices that are also unlawful trade practices.]
Authorizes Attorney General, with prior review and approval by Director of Department of Consumer and Business Services, to adopt rules for investigating and prosecuting unlawful trade practices involving insurance.
Requires indemnification from costs, damages and attorney fees arising out of violation of unfair claim settlement practice of person who transacts insurance for another.
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SB 719 Joint Committee On Ways and Means
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