{"id":31775,"date":"2008-03-26T16:35:41","date_gmt":"2008-03-26T21:35:41","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/uncategorized\/companies-bound-by-state-s-fair-claims-laws-physicians-benefit.html"},"modified":"2008-03-26T16:35:41","modified_gmt":"2008-03-26T21:35:41","slug":"companies-bound-by-state-s-fair-claims-laws-physicians-benefit","status":"publish","type":"corporate","link":"https:\/\/corporate.findlaw.com\/corporate-governance\/companies-bound-by-state-s-fair-claims-laws-physicians-benefit.html","title":{"rendered":"Companies Bound by State’s Fair Claims Laws: Physicians Benefit by Understanding Illinois Insurance Code"},"content":{"rendered":"
\n
\n

This article was edited and reviewed by FindLaw Attorney Writers<\/a><\/em><\/p>\n\n | Last reviewed\n

\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
\n

This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
\n

The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n\n\n\n

Just as Illinois law in personal injury accident cases binds physicians and attorneys, insurance companies are also subject to stringent code governing their behavior.

The Illinois Insurance Code, Section 5\/154.6, maps out acts by insurance companies considered to be improper claims practices. These include:<\/p>

  • Not attempting in good faith to execute prompt, fair and reasonable settlement of claims in which liability has become reasonably clear;<\/li>
  • Compelling policyholders to institute suits to recover amounts due under its policies by offering substantially less than the amounts ultimately recovered in suits brought by them; and<\/li>
  • Delaying the investigation or payment of claims by requiring an insured, a claimant, or the physicians of either to submit a preliminary claim report and then requiring subsequent submission of formal proof of loss forms, resulting in the duplication of verification.<\/li><\/ul>These are just some of the acts specified in the code.<\/div>","protected":false},"excerpt":{"rendered":"

    Just as Illinois law in personal injury accident cases binds physicians and attorneys, insurance companies are also subject to stringent code governing their behavior.The Illinois Insurance Code, Section 5\/154.6, maps out acts by insurance companies …<\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_categories":[6474,6476],"class_list":["post-31775","corporate","type-corporate","status-publish","hentry","corporate_categories-corporate-governance","corporate_categories-corporate-governance__insurance"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate\/31775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=31775"}],"wp:term":[{"taxonomy":"corporate_categories","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_categories?post=31775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}