Staff Analysis of the Legislation
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SB 374 amends Article 8 of Chapter 11 of Title 9 of the OCGA to add material terms that must be included along with a settlement offer for any tort claim regarding personal injury, bodily injury, or death. Added material terms include if the release type for such a tort claim is full or limited, an itemization of what the claimant(s) will provide to each release, and an affidavit signed by the insurer and the insured affirming the policy amount and that no other insurance policies are applicable to the claim. If reasonably obtainable, the offeror must also provide medical bills and records related to the subject of the tort claim. If the offeror sets a specified period requiring payment, the date must not be less than 40 days from the receipt of the offer. |
