Bill Text: NY A02921 | 2009-2010 | General Assembly | Introduced

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Bill Title: An act to amend the insurance law, in relation to notice to insureds upon filing of a claim under a homeowners' insurance policy

Spectrum: Partisan Bill (Democrat 21-0)

Status: (Introduced - Dead) 2010-01-06 - referred to insurance [A02921 Detail]

Download: New_York-2009-A02921-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         2921
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 21, 2009
                                      ___________
       Introduced  by  M.  of A. PAULIN, P. RIVERA, BENEDETTO, BRADLEY, COLTON,
         FIELDS, HOOPER -- Multi-Sponsored by --  M.  of  A.  BOYLAND,  CAHILL,
         CLARK,  COOK,  DINOWITZ,  GUNTHER,  HIKIND,  JOHN, MAYERSOHN, PHEFFER,
         J. RIVERA, N. RIVERA, SEMINERIO, TOWNS,  WEISENBERG,  WRIGHT  --  read
         once and referred to the Committee on Insurance
       AN  ACT  to  amend  the insurance law, in relation to notice to insureds
         upon filing of a claim under a homeowners' insurance policy
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  The insurance law is amended by adding a new section 3421
    2  to read as follows:
    3    S 3421. NOTICE TO INSURED; HOMEOWNERS' INSURANCE  CLAIMS.    UPON  THE
    4  ISSUANCE OR RENEWAL OF A HOMEOWNERS' INSURANCE POLICY, THE INSURER SHALL
    5  INCLUDE  IN  THE POLICY OR IN THE POLICY RENEWAL THE FOLLOWING NOTICE TO
    6  THE INSURED STATING, IN PLAIN,  EASY  TO  READ,  BOLD  FACED  TYPE,  THE
    7  FOLLOWING:
    8                        "IMPORTANT NOTICE TO INSURED
    9    EACH  CLAIM  MADE AGAINST A HOMEOWNERS' INSURANCE POLICY MAY ADVERSELY
   10  AFFECT YOUR PREMIUM OR MAY CONDITION YOUR POLICY RENEWAL UPON CHANGE  OF
   11  LIMITS  OR  ELIMINATION OF COVERAGES, OR MAY AFFECT THE ABILITY TO RENEW
   12  YOUR INSURANCE POLICY."
   13    S 2. This act shall take effect on the ninetieth day  after  it  shall
   14  have  become  a law and shall apply to all policies issued or renewed on
   15  and after such effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04268-01-9