הצעת חוק חוזה הביטוח (תיקון מס' 8), התשע"ז-2016Bill Insurance Contracts Law (Amendment No. 8), 2016 · automatic translation · suggest a correction

What was put to the vote

«לקבל את הצעת החוק בקריאה שלישית»

Third reading: The final vote. A bill that passes its third reading becomes law. Glossary →

Bill: חוק חוזה הביטוח (תיקון מס' 8), התשע"ז-2016Law of Insurance Contracts (Amendment No. 8), 2016auto

About the law and the debate

Official summary of the law (Knesset)

Section 28A of the Insurance Contract Law, 1981 establishes the court's authority to award special interest if the insurance company did not pay insurance benefits that were not disputed in good faith by the dates set in Section 27 of the Law. The section provides that for insurance of the type "personal insurance" as defined in the section, the court must award compensation, while for other types of insurance, the court may do so. Amendment No. 8 to the Insurance Contract Law increases the rate of special interest under this section, if the insurance company acted in bad faith, so that it will not exceed twenty times the interest rate set in the Interest and Linkage Adjudication Law, compared to three times as set before this amendment. In addition, it was determined that also regarding health and hospitalization insurance as well as mandatory vehicle insurance, the court will be required to award compensation at the special interest rate.

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All arguments and speakers are on the bill page →

By party on the day of the vote

• for
• abstained
• against