Chapter 5 - CHAPTER 5 BAD FAITH BREACH OF AN INSURANCE CONTRACT

• Jurisdiction: Colorado

Chapter 5 BAD FAITH BREACH OF AN INSURANCE CONTRACT

Catherine Crane, Esq.^*
Jose A. Ramirez, Esq.
Michael Carrigan, Esq.

SYNOPSIS

§ 5.1 INTRODUCTION

§ 5.2 COMMON LAW BAD FAITH

§ 5.2.1—An Introduction to the Unfair Competition — Deceptive Practices Act
§ 5.2.2—First-Party Bad Faith Claims
§ 5.2.3—Third-Party Bad Faith Claims
§ 5.2.4—Failure to Settle

§ 5.3 STATUTORY BAD FAITH

§ 5.4 DEFENSES

§ 5.4.1—Statute of Limitations
§ 5.4.2—Absence of Insurance Contract
§ 5.4.3—Comparative Negligence
§ 5.4.4—Designation of Nonparty at Fault
§ 5.4.5—Intervening Cause
§ 5.4.6—Preemption by Federal Law
§ 5.4.7—Rescission of Insurance Contract
§ 5.4.8—Fraud or Collusion
§ 5.4.9—Failure to Give Notice of Intent to Settle
§ 5.4.10—Policy-Related Defenses

§ 5.5 REMEDIES

§ 5.5.1—Common Law Claims
§ 5.5.2—First-Party Statutory Claims
§ 5.5.3—Exemplary Damages
§ 5.5.4—Interest

EXHIBIT

Exhibit 5A—Sample Complaint for Breach of Contract, Common Law and Statutory Bad Faith Breach of Insurance Contract,

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