710.01. Insurance Bad Faith-Duty of Liability Insurer-Definition of Good Faith Bad Faith-Definition of Ordinary Care

710.01 Insurance Bad Faith--Duty of Liability Insurer--Definition of Good Faith/Bad Faith--Definition of Ordinary Care In handling the claim of [name of person] against [name of insured] under the insurance policy issued by [name of insurance company], it was the duty of [name of insurance company] to exercise [good faith] [and] [ordinary care] toward the interests of [name of insured]. ["Good faith" means that [name of insurance company] was required to give as much consideration to [name of insured]'s interests as it gave to its own interests. A failure to exercise good faith is known as "bad faith."] ["Ordinary care" means that [name of insurance company] was required to exercise the care that a reasonably careful insurance company would use under circumstances similar to those shown by the evidence in giving as much consideration to [name of insured]'s interests as to its own interests.] [A failure to exercise ordinary care is also known as negligence.]