From official state and federal legislative records. Informational only, not legal advice.
Died
This idea didn't make it. It stopped moving and won't become a law this time.
In plain words
AI summaryWritten by AI from the bill text. Check the official text before relying on it.
Requires, rather than authorizes, parties in property insurance claim dispute to participate in mediation; provides that mediation is condition precedent to commencing litigation; provides that parties may mutually agree to conduct mediation by teleconference or other electronic means; requires all insureds, or their representatives, to personally attend mediation; revises & specifies duties relating to bearing certain costs of mediation; requires policyholder to provide insurer with any information & certain documents within specified timeframe after mediation is invoked; revises conditions under which policyholder has certain timeframe to rescind settlement.