Month: March 2017

Requirements Insurance Companies Must Adhere to [infographic]

Published on March 6, 2017, by Matthew Sharp

Infographic, Insurance Bad Faith

Nevada law prohibits insurance companies from engaging in unfair practices that are designed to deny coverage for legitimate claims. Companies that violate Nevada law in this regard may be held liable for damages including interest, the cost of the claim, attorney’s fees, and other expenses stemming from the denial of coverage. (Article continues below Infographic) Unfair Claims Settlement Practices Act The Unfair Claims Settlement Practices Act prohibits insurance companies from taking actions to unduly deny coverage to an insured party. These include: Misrepresenting Pertinent Policy Facts or Provisions [...]
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