Unfair Insurance Practices Act

The Unfair Insurance Practices Act is a law that sets standards to prevent insurance companies from acting unfairly toward consumers. It prohibits practices such as misrepresenting policy terms, denying valid claims without good reason, delaying payments, or using deceptive tactics. The act aims to ensure that insurance companies handle claims fairly, communicate transparently, and adhere to honest business practices, protecting consumers from exploitation and promoting trust in the insurance industry.