NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 1234

HOUSE BILL 1356

 

 

AN ACT TO AMEND G.S. 58-39(5) SO AS TO REQUIRE INSURANCE COMPANIES TO ACKNOWLEDGE CLAIMS.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 58-39(5) is hereby amended by striking the period following the word "claims" at the end thereof and by adding the following:

"or whenever it fails to acknowledge a claim within sixty (60) days after receiving written notice thereof, provided, such notice contains sufficient information for the insurance company to identify the specific insurance coverage involved. Acknowledgment of the claim shall be made to the claimant or his legal representative advising that the claim is being investigated; or shall be a payment of the claim; or shall be a bona fide written offer of settlement; or shall be a written denial of the claim."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 26th day of June, 1963.