HB 1721

An act to be known as the "additional living expense (ale) fairness and expedited closure adjudication act"; To declare that the legislative purpose of the act is to establish a process administered by the department of insurance to ensure timely and sufficient additional living expense benefits are paid to insured parties under residential and small commercial policies; To define certain terms, including "ale"; To grant the commissioner of insurance exclusive jurisdiction to adjudicate disputes regarding ale matters; To authorize insurers and insured parties to institute a petition; To require the expedited time for addressing petitions; To authorize the commissioner to issue an interim ale order to prevent hardship; To prescribed standards for adjudicating disputes; To grant the commissioner certain powers IN issuing orders; To provide that orders settling ale disputes are binding unless a rehearing is granted OR the order is appealed to a court of competent jurisdiction; To authorize the commissioner to promulgate rules necessary for the enforcement of this act; And for related purposes.