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Letter: Legislation would require good faith from insurers

While 46 states have "Good Faith" laws requiring insurance companies to uphold their duty to act in good faith in all transactions, Minnesota does not. When an insurance company denies or delays a policyholder's legitimate claim, consumers have n...

While 46 states have "Good Faith" laws requiring insurance companies to uphold their duty to act in good faith in all transactions, Minnesota does not. When an insurance company denies or delays a policyholder's legitimate claim, consumers have no recourse.

Legislation to create a Good Faith law is making its way through the process at the State Capitol. Recently, area residents received misinformation about the bill's intent. Unfortunately, the powerful insurance lobby and its allies are working to protect the insurance industry's profits at the expense of consumers.

Insurers provide a vital public service, and consumers put their trust in them because they feel they are purchasing security and piece of mind. Having a Good Faith law will ensure that trust is honored.

Please contact state Sen. Mary Olson and state Rep. Frank Moe and thank them for their support on this issue.

Gary Hazelton

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Attorney

Bemidji

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