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What's New: Government Affairs

SFAA and AIA Seeking Surety Exemption from Unfair Claims Practices Law

Tuesday, April 4, 2017  
SFAA and AIA Seeking Surety Exemption from Unfair Claims Practices Law

SFAA and AIA have made progress on addressing bad faith claims in Colorado by obtaining an amendment to SB 204. As amended, the bill would exempt surety bonds from a provision in the Colorado unfair claims practices law that allows the courts to award reasonable attorneys’ fees, court costs, and two times the covered benefit if the insurer unreasonably delayed or denied a claim. SB 204 passed the Senate.

Members should visit Government Relations / General Info (Members) for more information.



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