Suspicion of fraud does not excuse an insurance company from paying or denying a claim within 30 days, a unanimous New York appeals court ruled. The court rejected a challenge to the state's no-fault insurance law that bars an insurance company from challenging a claim if it doesn't take required action within 30 days. Appellant Travelers Indemnity Co. had argued that it shouldn't have to reimburse Fair Price Medical Supply Corp. for medical supplies that the accident victim said he never received.
June 18, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Suspicion of fraud does not excuse an insurance company from paying or denying a claim within 30 days, a unanimous New York state appeals court in Brooklyn ruled Thursday.
The ruling from the Appellate Division, 2nd Department, rejected a challenge to the no-fault insurance law that was supported by the New York Insurance Association, a trade group representing dozens of insurers that write more than $7 billion in premiums in New York each year.
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