Assembly Bill A5072

2021-2022 Legislative Session

Relates to rate filings for homeowner's insurance policies

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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

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2021-A5072 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §2305, Ins L
Versions Introduced in Other Legislative Sessions:
2011-2012: A9950
2013-2014: A3266, A8801
2015-2016: A1598
2017-2018: A2252
2019-2020: A4194

2021-A5072 (ACTIVE) - Summary

Relates to rate filings for homeowner's insurance policies.

2021-A5072 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5072
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 10, 2021
                                ___________
 
 Introduced by M. of A. MONTESANO, McDONOUGH -- read once and referred 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:

   Section 1. Paragraphs 12 and 13 of subsection (b) of section  2305  of
 the  insurance law, as amended by section 9 of part AAA of chapter 59 of
 the laws of 2017, are amended and a new paragraph 14 is added to read as
 follows:
   (12) gap insurance; [and]
   (13) private passenger automobile insurance,  except  as  provided  in
 section two thousand three hundred fifty of this article[,];AND
   (14)  HOMEOWNER'S  INSURANCE POLICIES AND SUBSEQUENT CALCULATIONS USED
 TO DETERMINE THE INCREASED VALUE OF  DWELLING  LIMITS  FOR  PURPOSES  OF
 DETERMINING DWELLING PROTECTION COVERAGE.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08559-01-1

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