Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 20, 2022 |
advanced to third reading cal.292 reported |
Jan 05, 2022 |
referred to insurance |
Jan 06, 2021 |
referred to insurance |
Assembly Bill A599
2021-2022 Legislative Session
Sponsored By
CAHILL
Archive: Last Bill Status - On Floor Calendar
- 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
co-Sponsors
Jonathan Jacobson
Nader sayegh
multi-Sponsors
Thomas Abinanti
Michael Cusick
David Weprin
2021-A599 (ACTIVE) - Details
2021-A599 (ACTIVE) - Summary
Relates to personal and commercial lines insurance; provides that an insurer or producer shall, prior to the time a policy of personal lines insurance is sold or purchased, provide the potential insured with a copy of the policy and allow the potential insured sufficient time to review such policy; further provides that an insurer or producer shall, prior to the time a policy of commercial lines insurance that provides coverage for loss or damage to real property, personal property, or other liabilities for loss or damage to property is sold or purchased, provide the potential insured with a copy of the policy and allow the potential insured sufficient time to review such policy.
2021-A599 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 599 2021-2022 Regular Sessions I N A S S E M B L Y (PREFILED) January 6, 2021 ___________ Introduced by M. of A. CAHILL, JACOBSON -- Multi-Sponsored by -- M. of A. ABINANTI, CUSICK, WEPRIN -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to personal and commer- cial lines insurance THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 3425 of the insurance law is amended by adding a new subsection (a-1) to read as follows: (A-1) AN INSURER OR PRODUCER SHALL, PRIOR TO THE TIME A POLICY OF PERSONAL LINES INSURANCE IS SOLD OR PURCHASED, PROVIDE THE POTENTIAL INSURED WITH A COPY OF THE POLICY AND ALLOW THE POTENTIAL INSURED SUFFI- CIENT TIME TO REVIEW SUCH POLICY. PERSONAL LINES INSURANCE SHALL HAVE THE SAME MEANING AS PARAGRAPH TWO OF SUBSECTION (A) OF THIS SECTION. § 2. Section 3426 of the insurance law is amended by adding a new subsection (a-1) to read as follows: (A-1) AN INSURER OR PRODUCER SHALL, PRIOR TO THE TIME A POLICY OF COMMERCIAL LINES INSURANCE THAT PROVIDES COVERAGE FOR LOSS OR DAMAGE TO REAL PROPERTY, PERSONAL PROPERTY, OR OTHER LIABILITIES FOR LOSS OR DAMAGE TO PROPERTY IS SOLD OR PURCHASED, PROVIDE THE POTENTIAL INSURED WITH A COPY OF THE POLICY AND ALLOW THE POTENTIAL INSURED SUFFICIENT TIME TO REVIEW SUCH POLICY. § 3. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01497-01-1
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