Exam term

Unfair claim settlement practice

A violation of state claims-handling law, such as failing to settle a claim promptly and fairly once liability is reasonably clear, or refusing to pay without a reasonable investigation.

Lessons that use this term

Insolvency, CLHIGA, and Fair Claims Settlement Practices Regulations California
Unfair trade practices II: unfair discrimination, claims practices, fraud, and controlled business Florida
Unfair trade practices I: claims handling, advertising, and misrepresentation Texas