January 28, 2003, Introduced by Reps. Wojno, Condino, Bieda, Accavitti and Hopgood and referred to the Committee on Insurance.
A bill to amend 1956 PA 218, entitled
"The insurance code of 1956,"
(MCL 500.100 to 500.8302) by adding section 3149.
THE PEOPLE OF THE STATE OF MICHIGAN ENACT:
1 Sec. 3149. An insurer obligated to pay benefits or claims
2 under an automobile insurance policy has a duty to deal fairly
3 and in good faith with an insured claiming the benefits. An
4 insurer that breaches this duty to deal fairly and in good faith
5 is liable for compensatory, consequential, and exemplary damages
6 proximately caused by the breach.