|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Jan 09, 2014 |
print number 5798a |
| Jan 09, 2014 |
amend and recommit to insurance |
| Jan 08, 2014 |
referred to insurance returned to senate died in assembly |
| Jun 17, 2013 |
referred to insurance delivered to assembly passed senate ordered to third reading cal.1413 committee discharged and committed to rules |
| Jun 14, 2013 |
referred to insurance |
Senate Bill S5798A
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
co-Sponsors
(R, C, IP) Senate District
(R, C, IP, RFM) 24th Senate District
(D, IP) Senate District
2013-S5798 - Details
- See Assembly Version of this Bill:
- A8580
- Current Committee:
- Senate Insurance
- Law Section:
- Financial Services
- Versions Introduced in 2015-2016 Legislative Session:
-
S1454, A453
2013-S5798 - Sponsor Memo
BILL NUMBER:S5798
TITLE OF BILL:
An act
directing the superintendent of financial services to examine and make
recommendations regarding concurrent causation in relation to sewer
backup insurance coverage
PURPOSE:
To give the Legislature information on the potential effects of
prohibiting anti-concurrent causation clauses in sewer backup
insurance coverage policies.
SUMMARY OF PROVISIONS:
Section 1 directs the Superintendent of Financial Services to submit a
report to the Legislature providing recommendations concerning the
treatment of concurrent causation in relation to homeowners insurance
coverage for sewer backup.
Section 2 provides that this act shall take effect immediately.
JUSTIFICATION:
Anti-concurrent causation clauses in insurance policies operate to
2013-S5798 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5798
2013-2014 Regular Sessions
I N S E N A T E
June 14, 2013
___________
Introduced by Sens. GOLDEN, ZELDIN, LANZA, SAVINO -- read twice and
ordered printed, and when printed to be committed 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:
Section 1. The superintendent of financial services is hereby directed
to examine and make recommendations concerning the treatment of concur-
rent causation in relation to homeowners insurance coverage for sewer
backup. Such study shall specifically include, among other issues, an
analysis of the potential premium impact and potential impact on the
availability of sewer backup insurance coverage of prohibiting anti-con-
current causation clauses from applying relative to such coverage. The
superintendent of financial services shall submit a report to the gover-
nor and the legislature, on or before January 1, 2014, of findings and
recommendations.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11522-01-3
co-Sponsors
(R, C, IP) Senate District
(R, C, IP, RFM) 24th Senate District
(D, IP) Senate District
2013-S5798A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8580
- Current Committee:
- Senate Insurance
- Law Section:
- Financial Services
- Versions Introduced in 2015-2016 Legislative Session:
-
S1454, A453
2013-S5798A (ACTIVE) - Sponsor Memo
BILL NUMBER:S5798A
TITLE OF BILL: An act directing the superintendent of financial
services to examine and make recommendations regarding concurrent
causation in relation to sewer backup insurance coverage
PURPOSE: To give the Legislature information on the potential effects
of prohibiting anti-concurrent causation clauses in sewer backup
insurance coverage policies.
SUMMARY OF PROVISIONS:
Section 1 directs the Superintendent of Financial Services to submit a
report to the Legislature providing recommendations concerning the
treatment of concurrent causation in relation to homeowners insurance
coverage for sewer backup.
Section 2 provides that this act shall take effect immediately.
JUSTIFICATION: Anti-concurrent causation clauses in insurance
policies operate to exclude coverage for loss caused by two or more
concurrent factors, such as wind and flood damage, where at least one
factor is covered in the policy. any people affected by Superstorm
Sandy found that anti-concurrent causation causes in their policies
prevented them from receiving coverage for property damage, especially
damage to sewer lines. This bill will allow the Legislature to make an
2013-S5798A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
5798--A
2013-2014 Regular Sessions
I N S E N A T E
June 14, 2013
___________
Introduced by Sens. GOLDEN, ZELDIN, LANZA, SAVINO -- read twice and
ordered printed, and when printed to be committed to the Committee on
Insurance -- recommitted to the Committee on Insurance in accordance
with Senate Rule 6, sec. 8 -- committee discharged, bill amended,
ordered reprinted as amended and recommitted to said committee
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:
Section 1. The superintendent of financial services is hereby directed
to examine and make recommendations concerning the treatment of concur-
rent causation in relation to homeowners insurance coverage for sewer
backup. Such study shall specifically include, among other issues, an
analysis of the potential premium impact and potential impact on the
availability of sewer backup insurance coverage of prohibiting anti-con-
current causation clauses from applying relative to such coverage. The
superintendent of financial services shall submit a report to the gover-
nor and the legislature, on or before January 1, 2015, of findings and
recommendations.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11522-02-3
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