SB2683 - Tennessee - Insurance Companies, Agents, Brokers, Policies

Companion Bill HB2826. Insurance Companies, Agents, Brokers, Policies - Requires the award of attorney fees if insurance company is found liable for bad-faith failure to pay promptly or violation of the Tennessee Consumer Protection Act. - Amends TCA Title 47, Chapter 18, Part 1; Title 56, Chapter 7 and Title 56, Chapter 8. Fiscal Summary for *SB2683 / HB2826MINIMAL Bill Summary for *SB2683 / HB2826 Under present law, upon a finding by the court that a provision of the Tennessee Consumer Protection Act has been violated, the court may award to the person bringing such action reasonable attorney's fees and costs. This bill makes the payment of attorney's fees and costs mandatory instead of discretionary in cases where the court finds that an insurance company has violated the Act through denial of a claim for coverage or payment. Under present [...]

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