Vote Smart's Synopsis:

Vote to amend and pass a bill that authorizes policyholders or their beneficiaries to recover actual damages resulting from an unfair claim settlement practice prohibited under Oregon law.

Highlights:

• Authorizes policyholders or their beneficiaries to recover actual damages resulting from an unfair claim settlement practice prohibited under Oregon law including reasonable attorney fees and litigation costs (Sec. 1).

• Authorizes triple in damages to be allowed if the insurer is found by court to be acting unreasonable in their claim denial (Sec. 1).

• Speicifies that the provisions of this bill shall take effect upon passage and approval by the governor (Sec. 2).

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that authorizes policyholders or their beneficiaries to recover actual damages resulting from an unfair claim settlement practice prohibited under Oregon law.

Highlights:

• Authorizes policyholders or their beneficiaries to recover actual damages resulting from an unfair claim settlement practice prohibited under Oregon law including reasonable attorney fees and litigation costs (Sec. 1).

• Authorizes triple in damages to be allowed if the insurer is found by court to be acting unreasonable in their claim denial (Sec. 1).

• Speicifies that the provisions of this bill shall take effect upon passage and approval by the governor (Sec. 2).

Full Bill Text