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Sen. William R. Haine
Filed: 3/13/2014
| | 09800SB2922sam001 | | LRB098 17339 RPM 56697 a |
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1 | | AMENDMENT TO SENATE BILL 2922
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2 | | AMENDMENT NO. ______. Amend Senate Bill 2922 on page 2, by |
3 | | replacing line 1 with the following: |
4 | | " settlement claim paid by the insurer, unless approved in |
5 | | writing by the Director. Application for exception to the 10% |
6 | | limit must be made in writing. The request must contain |
7 | | specific reasons as to why the consideration should be in |
8 | | excess of 10% and proof that the policyholder would accept the |
9 | | consideration. The Director must act on any request within 5 |
10 | | business days after receipt of the request. ".
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