An Act Amend Title 18 Of The Delaware Code Relating To Insurance Payments.
The bill's enactment will simplify the process for insurance agents dealing with policyholders' claims. By permitting agents to issue checks without obtaining a separate adjuster's license, the bill is expected to improve the efficiency of insurance transactions in Delaware. Moreover, the Department of Insurance will retain regulatory oversight, ensuring that the process aligns with regulatory standards and guidelines, thereby protecting both policyholders and the integrity of the insurance system.
House Bill 379 aims to amend Title 18 of the Delaware Code concerning insurance payments. The bill seeks to reinstate previously existing provisions that allow licensed insurance agents and brokers to assist in adjusting claims and issuing checks to policyholders without requiring a separate claims adjuster's license. This legislative update is aimed at facilitating faster payments in time-sensitive situations, allowing agents to better serve their clients during crucial times following insurance claims.
The sentiment surrounding HB 379 appears to be predominantly supportive among the legislative sponsors and advocates within the insurance industry. Proponents argue that the bill is a necessary step to modernize insurance practices and enhance customer service. There has not been significant opposition noted, indicating a general consensus on the importance of providing timely assistance to policyholders after insurance-related incidents.
While there seems to be broad support, the potential for regulatory challenges remains. The balance between ensuring that agents are adequately equipped and trained to adjust claims while protecting consumers will be essential. Concerns could arise regarding the proper oversight of these practices and ensuring that policyholders receive equitable and fair treatment during the claims process.