2005 Insurance Bills Passed Into Law
SB 1: Work Comp Reforms
This bill amends various provisions of workers' compensation law, including modified definitions of the terms "accident" and "injury."
HB 393: Tort Reforms
Amends state laws affecting claims for damages and their payment, and establishes venue in all tort actions.
HB 866: Insurance Fraud
Increases the penalties for those who engage in fraudulent actions with respect to an insurance transaction. (MAIA favored with reservations)
HB 388: Department of Insurance Records
Defines certain documents provided to the Department of Insurance as non-public documents, including detailed information in consumer complaint files and information submitted by an insurer or producer in conjunction with investigations. Allows the Department to make such documents available to other governmental entities or courts.
SB 168: Construction Defects in Residential Property
Creates a process to resolve disputes arising out of alleged construction defects in residential property. This act permits contractors to repair construction defects prior to the commencement of litigation.