Wednesday, April 2, 2008

'Good Faith' Bill Presses On

The Minnesota legislature is considering what's referred to as a "Good Faith" insurance law again this session. Inver Grove Heights lawmaker Joe Atkins said the bill would require insurance companies to have a good-faith reason for denying a claim. If they don't, the bill would allow a person to sue and get legal fees and court costs reimbursed if they win the case. Atkins said Minnesota is the only state in the nation without the "Good Faith" law. He said most insurance companies pay valid claims and operate in good faith now but this law is aimed at those few who don't.

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