New York Assembly Bill 147 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 7 2015 - 25% progression, died in committee
Action: 2016-01-06 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]

Enacts the "abusive insurance practices remedy act"; enacts provisions relating to unfair claim settlement practices; provides that an insurer doing business in this state shall be liable to a policy holder for such insurer's refusal to pay or unreasonable delay of payment to the policy holder if such refusal or delay was not substantially justified; enumerates instances whereby an insurer's refusal or delay of payment is not substantially justified including intentional negligence, failure to act in good faith, failure to provide written denial of claim and failure to make final determination of claim within six months.

Enacts the "abusive insurance practices remedy act"; enacts provisions relating to unfair claim settlement practices; provides that an insurer doing business in this state shall be liable to a policy holder for such insurer's refusal to pay or unreasonable delay of payment to the policy holder if such refusal or delay was not substantially justified; enumerates instances whereby an insurer's refusal or delay of payment is not substantially justified including intentional negligence, failure to act in good faith, failure to provide written denial of claim and failure to make final determination of claim within six months.

Asm. Nily Rozic [D]

Asm. Thomas Abinanti [D]

Date	Chamber	Action
2016-01-06	Assembly	referred to insurance
2015-01-07	Assembly	referred to insurance

Type	Source
Summary	https://assembly.state.ny.us/leg/?default_fld=&bn=A00147&term=2015&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A00147&term=2015&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A00147