WordNet-Online
Free dictionary and thesaurus of English. Definitions, synonyms, antonyms and more...
Hint: double-click any word to get it searched!

	Enter your search terms Submit search form
	Web www.wordnet-online.com

Definitions from the Web

Fair Claims Practices Act

The Fair Claims Practices Act refers to a set of regulations and guidelines established by governments to protect consumers from unfair treatment by insurance companies when filing claims.

Examples:

Sense: Legal

1. The Fair Claims Practices Act requires insurance companies to respond promptly to claim submissions.

2. Under the Fair Claims Practices Act, insurance companies are prohibited from denying claims without conducting a reasonable investigation.

3. Insurance companies that violate the Fair Claims Practices Act can face fines and penalties.

Sense: Consumer Protection

4. The Fair Claims Practices Act ensures that consumers are treated fairly and given a transparent process when dealing with insurance claims.

5. This state's Fair Claims Practices Act empowers consumers to file complaints against insurance companies that engage in unfair claims practices.

6. By comprehensively outlining standards for handling claims, the Fair Claims Practices Act provides consumers with necessary protection in their interactions with insurance providers.

Related Products:

• Insurance Claim Management Books
• Consumer Protection Products
• Legal Guides for Insurance Claims