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1993 vol. 2 bk. 4 3495 (1993)

handle is hein.ssl/ssar0068 and id is 1 raw text is: ACTS OF ARKANSAS

ACT 1145
AN ACT to Amend Arkansas Code Annotated §23-
66-206(9) to Prohibit Insurance Companies
From Requiring As a Condition of Payment of a
Claim That Repairs Must Be Made by a Partic-
ular Contractor, Supplier, or Repair Shop; and
for Other Purposes.
Be It Enacted by the General Assembly of the State
of Arkansas:
SECTION 1. Arkansas Code Annotated §23-
66-206(9) is amended to read as follows:
(9) 'Unfair claims settlement practices' are
committing or performing with such frequency as to
indicate a general business practice any of the
following:
(A) Misrepresenting pertinent facts or insur-
ance policy provisions relating to coverages at issue;
(B) Failing to acknowledge and act reasonably
and promptly upon communications with respect to
claims arising under insurance policies;
(C) Failing to adopt and implement reasonable
standards for the prompt investigation of claims
arising under insurance policies;
(D) Refusing to pay claims without conducting
a reasonable investigation based upon all available
information;
(E) Failing to affirm or deny coverage of
claims within a reasonable time after proof of loss

ACT 11451

3495

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