Bill Text: NY A00453 | 2015-2016 | General Assembly | Introduced
Bill Title: Relates to directing an examination by the superintendent of financial services concerning the treatment of concurrent causation provisions in homeowners insurance contracts for coverage of sewer backup.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2015-10-29 - signed chap.410 [A00453 Detail]
Download: New_York-2015-A00453-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
453
2015-2016 Regular Sessions
I N A S S E M B L Y
(PREFILED)
January 7, 2015
___________
Introduced by M. of A. CYMBROWITZ -- read once and referred to the
Committee on Insurance
AN ACT directing the superintendent of financial services to examine and
make recommendations regarding concurrent causation in relation to
sewer backup insurance coverage
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. The superintendent of financial services is hereby directed
2 to examine and make recommendations concerning the treatment of concur-
3 rent causation in relation to homeowners insurance coverage for sewer
4 backup. Such study shall specifically include, among other issues, an
5 analysis of the potential premium impact and potential impact on the
6 availability of sewer backup insurance coverage of prohibiting anti-con-
7 current causation clauses from applying relative to such coverage. The
8 superintendent of financial services shall submit a report to the gover-
9 nor and the legislature, on or before January 1, 2017, of findings and
10 recommendations.
11 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD00673-01-5
