Compliance with Good Faith Settlement Regulations

Course details

This course explains how insurers comply with state-mandated good faith claims settlement practices regulations. The course explains the regulations, what they impose on the insurer and how the insurer will fulfill the regulations. 

The course explains the following:

1. All of the Good Faith Claims Settlement Practices Regulations.
2. The California Regulations are a model for settlement practices regulations across the country.
3. The Regulations were created to assist insurers to understand the minimum claims handling conduct to conform to the Fair Claims Settlement Practices.
4. The Regulations were designed to punish an insurer who failed to treat an insured with good faith and fair dealing.
5. The regulations do not provide an exclusive definition of all unfair claims settlement practices.
6. The meaning and practice of a claims investigation.
7. How policy terms and conditions are explained to an insured after a loss.
8. The duties imposed on claims personnel.
9. Standards for Prompt, Fair and Equitable Settlements of various types of insurance.
10. Whether the State Department of Insurance has the power to change the meaning of a statute.