5960-S AMS HOBB BUCK 456

SSB 5960 - S AMD 453

By Senators Hobbs, Keiser, Becker

ADOPTED 05/19/2011

    On page 14, after line 5, insert the following:

    "(3) For the purposes of determining whether an insurer has a duty to provide a defense or indemnification for an insured and if coverage may be denied if the terms of the policy exclude coverage for intentional acts, a violation of subsection (1) of this section is an intentional act.

EFFECT:  Insurers may exclude coverage for intentional acts, which include knowingly presenting a fraudulent claim for payment or approval.  

--- END ---