Georgia Injury Lawyers Blog
Statute of Limitations
Actions upon written contracts must be brought within six years. The six-year period of limitations applies to insurance policies. On its face, O.C.G.A. § 33-4-6 does not include its own statute of limitations. The six-year statute of limitations for simple written contracts applies to bad-faith actions, because the action is “based upon rights arising from [the] contract of insurance.” Care should be taken, however, because some insurance policies contain contractual terms that effectively limit the statute of limitations.
Amount of the Bad-Faith Penalty