time-limited offer; liability insurer; settlement

SB 1342 requires liability insurers to provide written settlement offers with specific, detailed terms for personal injury, property damage, or wrongful death claims. Offers must include claim numbers, loss details, a 30-day acceptance window, full release of claims, medical lien resolution, and supporting documentation like unredacted medical records. Insurers are protected from extracontractual damages (additional penalties beyond insurance limits) if they strictly follow these requirements. This directly affects insurers, claimants, and tortfeasors in settlement negotiations for covered claims.