| || |
DIGEST OF INTRODUCED BILL
Property and casualty policy amendments. Requires a property and casualty insurer to provide notice to the policyholder of a proposed policy amendment by rider or endorsement and to maintain the coverage of the policy without change until the insured accepts or declines the amended coverage in writing. Provides that a policyholder claim for coverage under a policy of property and casualty insurance must be filed within two years after the event from which the claim arises. Requires an insurance producer to notify a customer of each rider or endorsement that may apply to a proposed property and casualty insurance policy. Specifies that a civil claim for bad faith claim settlement must be commenced within two years after the cause of action accrues.