This bill mandates that all defendants, including insurance companies, must be accurately identified by their legal names throughout the litigation process in actions for the recovery of damages. Specifically, it stipulates that during any trial, insurance companies named as defendants must be referred to by their official legal names, as recognized by the Commissioner of Banking and Insurance, rather than any assumed or fictitious names. Additionally, the bill requires that the triers of fact be informed of the legal name of the defendant during the trial.

The legislation aims to enhance clarity and transparency in legal proceedings by ensuring that all parties involved are properly identified, thereby reducing confusion and potential misrepresentation. The bill is set to take effect immediately and will apply to all relevant causes of action.