NY S06643 | 2017-2018 | General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on June 9 2017 - 25% progression, died in committee
Action: 2018-01-03 - REFERRED TO INSURANCE
Pending: Senate Insurance Committee
Text: Latest bill text (Amended) [HTML]
Status: Introduced on June 9 2017 - 25% progression, died in committee
Action: 2018-01-03 - REFERRED TO INSURANCE
Pending: Senate Insurance Committee
Text: Latest bill text (Amended) [HTML]
Summary
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, failure to make final determination of claim within six months, and failure to promptly proceed with the appraisal process.
Title
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, failure to make final determination of claim within six months, and failure to promptly proceed with the appraisal process.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2018-01-03 | Senate | REFERRED TO INSURANCE |
| 2017-06-14 | Senate | PRINT NUMBER 6643A |
| 2017-06-14 | Senate | AMEND AND RECOMMIT TO RULES |
| 2017-06-09 | Senate | REFERRED TO RULES |
