Insurance: claims settlement.

Existing law specifies various acts that are defined as unfair methods of competition and deceptive acts or practices in the business of insurance. Existing law, on January 1, 2017, requires that regulations adopted by the Insurance Commissioner, with regard to unfair business practices as it relates to the settlement of claims, take into consideration settlement practices by classes of insurers, and every insurer, upon receiving notice of a claim, is required to immediately, but no more than 15 calendar days after receipt of the claim, provide the insured with a legible reproduction of specified provisions of law along with a written notice containing specified language. This bill would make technical, nonsubstantive changes to that provision.