November 12, 2015

 A Discussion

 Summary: The National Association of Insurance Commissioners (NAIC) created the Unfair Claims Settlement Practices Act to set forth standards for the investigation and disposition of claims arising under policies or certificates. The act had previously been part of the Unfair Trade Practices Act until it was removed and made a freestanding act in 1989. States have adopted the act in various ways, some adding unfair practices not used by the NAIC.

This premium content is locked for FC&S Coverage Interpretation Subscribers

Enjoy unlimited access to the trusted solution for successful interpretation and analyses of complex insurance policies.

  • Quality content from industry experts with over 60 years insurance experience, combined
  • Customizable alerts of changes in relevant policies and trends
  • Search and navigate Q&As to find answers to your specific questions
  • Filter by article, discussion, analysis and more to find the exact information you’re looking for
  • Continually updated to bring you the latest reports, trending topics, and coverage analysis