Experienced insurance adjusters know the phrase “bad faith”. The term is a short hand way to describe a lawsuit filed for the alleged violation of the implied duty of good faith and fair dealing. It is the legal duty imposed by operation of law. The shorthand “bad faith” is a lot easier to say.
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Oklahoma insurance companies are expected to act in good faith. The law requires that claims be handled fairly. The Oklahoma Supreme court has said claims must be timely paid. The Oklahoma legislature passed the Unfair Claims Settlement Practices Act that sets out minimum standards. Adjusters are required to act fairly and comply with Oklahoma law.
