Bill
S 5052
Permits an insurer to rescind or retroactively cancel a policy in circumstances involving an accident staged to defraud an insurer
2025 Regular Session
Introduced by Jamaal Bailey and 2 co-sponsors
Bill S 5052 allows insurers to rescind or retroactively cancel policies for staged accidents, aiming to deter fraud and potentially lower premiums for honest policyholders.
REFERRED TO INSURANCE