H.R. 4116 (106th): To provide that no insurer which is engaged in interstate commerce may exercise any right under a subrogation or reimbursement clause in an insurance policy until the insured has received full compensation.

The text of the bill below is as of Mar 29, 2000 (Introduced).

HR 4116 IH

106th CONGRESS

2d Session

H. R. 4116

To provide that no insurer which is engaged in interstate commerce may exercise any right under a subrogation or reimbursement clause in an insurance policy until the insured has received full compensation.

IN THE HOUSE OF REPRESENTATIVES

March 29, 2000

Mr. DUNCAN introduced the following bill; which was referred to the Committee on Commerce


A BILL

To provide that no insurer which is engaged in interstate commerce may exercise any right under a subrogation or reimbursement clause in an insurance policy until the insured has received full compensation.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. ACTION UNDER SUBROGATION OR REIMBURSEMENT CLAUSE.

    No insurer which is engaged in interstate commerce may exercise any right under a subrogation or reimbursement clause in an insurance policy of the insurer until the insured under such policy has been fully compensated for the injuries received by the insured and for which the insurer has made payment to the insured.