Relating to private actions to remedy losses resulting from commission of unfair claim settlement practices; prescribing an effective date.

Permits insured or beneficiary who suffers ascertainable loss of money or property that results from insurer's commission or performance of unfair claim settlement practice to bring action to recover insured's or beneficiary's actual damages or statutory damages of $200, whichever is greater. Specifies conditions that apply to action. Takes effect on 91st day following adjournment sine die.