Bill Text: NY S07245 | 2011-2012 | General Assembly | Introduced

New York Senate Bill 7245 (Prior Session Legislation)

Introduced

Bill Title: Relates to rate filings for homeowner's insurance policies.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-05-02 - REFERRED TO INSURANCE [S07245 Detail]

Download: New_York-2011-S07245-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         7245
                                   I N  S E N A T E
                                      May 2, 2012
                                      ___________
       Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
         printed to be committed to the Committee on Insurance
       AN ACT to amend the insurance law, in relation to rate filings for home-
         owner's insurance policies
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1. Paragraphs 11, 12 and 13 of subsection (b) of section 2305
    2  of the insurance law, paragraphs 11 and 12 as amended by chapter  11  of
    3  the  laws of 2008 and paragraph 13 as amended by chapter 136 of the laws
    4  of 2008, are amended and a new paragraph 14 is added to read as follows:
    5    (11) credit property insurance, as defined  in  section  two  thousand
    6  three hundred forty of this article; [and]
    7    (12) gap insurance;
    8    (13)  [Private]  PRIVATE  passenger  automobile  insurance,  except as
    9  provided in section two thousand three hundred fifty of this article[.];
   10  AND
   11    (14) HOMEOWNER'S INSURANCE POLICIES AND SUBSEQUENT  CALCULATIONS  USED
   12  TO  DETERMINE  THE  INCREASED  VALUE  OF DWELLING LIMITS FOR PURPOSES OF
   13  DETERMINING DWELLING PROTECTION COVERAGE.
   14    S 2. This act shall take effect on the ninetieth day  after  it  shall
   15  have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD15237-02-2