HB 1018, 60th R.S.
Relating to amending the Insurance Code to provide protection for the loss claimant under all types of fire and casualty insurance coverage in the event of insolvency, liquidation, or bankruptcy of his insurance carrier by providing for a preference in the payment of his loss claim and by requiring insurance carriers writing fire and casualty insurance coverage to accumulate and maintain reserves for the payment of both loss claims and loss claim administrative expenses; providing for a civil suit for collection from insurance carriers in default.
Author: Maurice Snow "Pip" Pipkin
Subjects:
Insurance--Fire, Allied Lines & Home
Insurance--Insurers & Agents
Insurance--Property & Casualty
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