Senate Bill S1760

2013-2014 Legislative Session

Provides that the maximum deductible allowed on policies for windstorms shall not be greater than $1,500

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2013-S1760 (ACTIVE) - Details

See Assembly Version of this Bill:
A1222
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §3445, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: S241, A337
2011-2012: S1460, A1413
2015-2016: S322, A93
2017-2018: S1622, A978

2013-S1760 (ACTIVE) - Summary

Provides that the maximum deductible allowed in catastrophic windstorms shall not be greater than fifteen hundred dollars and shall be stated in the policy in numerical terms; also provides that deductibles shall only be applicable to losses incurred in windstorms with speeds greater than 125 miles per hour.

2013-S1760 (ACTIVE) - Sponsor Memo

2013-S1760 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

    S. 1760                                                  A. 1222

                       2013-2014 Regular Sessions

                      S E N A T E - A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Insurance

IN  ASSEMBLY  -- Introduced by M. of A. THIELE -- read once and referred
  to the Committee on Insurance

AN ACT to amend the insurance law, in relation  to  windstorm  insurance
  notice regarding deductibles

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 3445 of the insurance law, as added by  chapter  44
of the laws of 1998, is amended to read as follows:
  S  3445.  Windstorm  insurance  notice. 1. The superintendent shall by
regulation establish disclosure requirements with respect to the  opera-
tion  of  any  deductible  in a homeowner's insurance policy or dwelling
fire personal lines policy which applies as the result of  a  windstorm.
Such  regulations shall prescribe the form of a notice to be provided by
an insurer to an insured. The notice shall explain in  clear  and  plain
language  the  amount  of  the deductible SUBJECT TO SUBSECTION THREE OF
THIS SECTION, the circumstances under which the deductible  applies  and
any  other  matters  which the superintendent, in his or her discretion,
shall deem necessary or appropriate.
  2. A CATASTROPHIC WINDSTORM DEDUCTIBLE  APPLICABLE  TO  A  HOMEOWNER'S
INSURANCE  POLICY  OR  DWELLING  FIRE PERSONAL LINES POLICY SHALL NOT BE
APPROVED BY THE DEPARTMENT UNLESS THE DEDUCTIBLE IS APPLICABLE  ONLY  TO
LOSSES  INCURRED  IN A HURRICANE WHICH CAUSES WIND SPEEDS OF ONE HUNDRED
TWENTY-FIVE MILES OR GREATER PER HOUR TO OCCUR WITHIN THE STATE.
  3. THE MAXIMUM DEDUCTIBLE ALLOWED SHALL NOT BE  GREATER  THAN  FIFTEEN
HUNDRED DOLLARS AND SHALL BE STATED ON THE POLICY IN NUMERICAL TERMS.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01682-01-3
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.