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23-63-112. Notice of intent to settle.
Arkansas Code — all titles (historical 2020) · legal_authorities
23-63-112. Notice of intent to settle.
(a) An insurer shall provide its insured written notice of the terms of settlement of a claim if the insured:
(1) Notifies the insurer in writing that the amount of or liability for the claim is contested; and
(2) Requests in writing notice of the insurer's settlement of the claim.
(b) Except as provided in subsection (a) of this section, nothing in this section shall be construed to alter the defense or handling of a claim under any policy or contract of insurance.
(c) The provisions of this section shall not apply to personal lines of insurance.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 23-63-112
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:23-63-112
Source file: gov.ar.code.title.23.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 1dfe0244615cc8b1e6dc09151c8e121453f31bad2f03827c3fe8cccb4f72abef
Source location: content.xml paragraph 30872
Stored source content
23-63-112. Notice of intent to settle.
(a) An insurer shall provide its insured written notice of the terms of settlement of a claim if the insured:
(1) Notifies the insurer in writing that the amount of or liability for the claim is contested; and
(2) Requests in writing notice of the insurer's settlement of the claim.
(b) Except as provided in subsection (a) of this section, nothing in this section shall be construed to alter the defense or handling of a claim under any policy or contract of insurance.
(c) The provisions of this section shall not apply to personal lines of insurance.
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