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.

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