NY A02363 | 2011-2012 | General Assembly
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on January 18 2011 - 25% progression, died in committee
Action: 2012-01-04 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 18 2011 - 25% progression, died in committee
Action: 2012-01-04 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Provides that payment of interest payment and attorney fees to claimant when payment of a claim is overdue shall be exclusive remedy when insurer fails to make timely payment; such failure of insurer to make timely payment or issue denial within 30 days after proof of claim has been submitted to insurer shall not preclude such insurer from issuing a denial or asserting a defense after the 30 day period has elapsed.
Title
Provides that payment of interest payment and attorney fees to claimant when payment of a claim is overdue shall be exclusive remedy when insurer fails to make timely payment; such failure of insurer to make timely payment or issue denial within 30 days after proof of claim has been submitted to insurer shall not preclude such insurer from issuing a denial or asserting a defense after the 30 day period has elapsed.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-01-04 | Assembly | referred to insurance |
| 2011-01-18 | Assembly | referred to insurance |
Same As/Similar To
S01686 (Same As) 2012-01-04 - REFERRED TO INSURANCE
