This FindLaw article lists timelines for the payment of certain insurance claims, whether the state has adopted the Medicaid expansion, and the basic auto insurance laws for each state.
Insurance law includes a vast expanse of statutes, codes, rules, and regulations. And to make matters a little more complicated, each state makes its own laws to regulate the insurance industry operating within its borders, though there are federal insurance laws as well.
Many insurance laws are meant to protect consumers. For example, states require insurance companies to investigate and process claims in a timely manner, either by giving specific timelines to approve, deny, or pay a claim, or by prohibiting unnecessary delays. Additional types of consumer protection laws include prohibitions on deceptive marketing practices and discrimination in selling and pricing insurance policies.
Other laws pertain to a certain type of insurance, like health insurance or homeowners insurance. With health insurance, federal and state laws are intertwined and constantly changing, thanks to the hot-button nature of health care in the political arena. For example, while federal law currently regulates much of the health insurance industry, individual states can choose whether or not to accept additional federal funding in order to expand Medicaid eligibility in their state.
Another area of insurance law that affects many of us is car insurance. With the exception of New Hampshire, all states require you to have car insurance, but to varying degrees. For instance, some states only require liability insurance, while others also mandate uninsured and underinsured motorist coverage (UM/UIM) and personal injury protection (PIP). State insurance laws also specify the minimum amounts of coverage required. For example, a given state might require all liability policies to carry at least $25,000 of coverage for bodily injury or death to any one person in an accident, $50,000 for bodily injury or death per accident, and $25,000 for property damage. In the statute or code, these numbers are listed as “25/50/25.”
The table below lists timelines for the payment of certain insurance claims, whether the state has adopted the Medicaid expansion, and the basic auto insurance requirements for each state. Since there are exceptions to every rule, and laws are constantly changing, it’s always best to consult with an insurance law attorney who can advise you on the particulars of your case in your state.
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