SB 6738-S - DIGEST

(DIGEST OF PROPOSED 1ST SUBSTITUTE)

     Provides that an insurer shall, not later than fifteen business days after receipt of notice of a claim, or thirty business days if the insurer is an eligible surplus lines insurer:  (1) Acknowledge receipt of the claim;

     (2) Commence any investigation of the claim; and

     (3) Request from the claimant all items, statements, and forms that the insurer reasonably believes, at that time, will be required from the claimant.

     Provides that, if an insurer notifies a claimant that the insurer will pay a claim or part of a claim under this act, the insurer shall pay the claim not later than five business days after the notice has been made.

     Declares that this act does not apply to:  (1) Workers' compensation insurance;

     (2) Mortgage guaranty insurance;

     (3) Title insurance;

     (4) Fidelity, surety, or guaranty bonds;

     (5) Marine insurance;

     (6) A guaranty association created and operating under chapter 48.32 or 48.32A RCW;

     (7) Longshore and harbor workers' compensation insurance; or

     (8) Health insurance provided by a health carrier as defined in RCW 48.43.005.