Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 18, 2022 |
signed chap.158 delivered to governor |
Feb 28, 2022 |
returned to senate passed assembly ordered to third reading cal.445 substituted for a8760 |
Feb 28, 2022 |
substituted by s7782 |
Feb 17, 2022 |
advanced to third reading cal.445 |
Feb 16, 2022 |
reported |
Jan 11, 2022 |
referred to insurance |
Assembly Bill A8760
Signed By Governor2021-2022 Legislative Session
Sponsored By
CYMBROWITZ
Archive: Last Bill Status Via S7782 - Signed by Governor
- 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
2021-A8760 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7782
- Law Section:
- Insurance
- Laws Affected:
- Amd §§1 & 2, Chap of 2021 (as proposed in S.5231 & A.5574)
2021-A8760 (ACTIVE) - Summary
Directs the department of financial services and the division of housing and community renewal to conduct a study examining any increasing costs of liability, fire and casualty insurance premiums or any lack of availability of liability, fire and casualty insurance coverage for affordable housing.
2021-A8760 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8760 I N A S S E M B L Y January 11, 2022 ___________ Introduced by M. of A. CYMBROWITZ -- read once and referred to the Committee on Insurance AN ACT to amend a chapter of the laws of 2021 relating to directing the department of financial services and the division of housing and community renewal to conduct a study examining the increasing costs of insurance premiums and the lack of availability of insurance coverage for affordable housing, as proposed in legislative bills numbers S. 5231 and A. 5574, in relation to directing the department of financial services and the division of housing and community renewal to conduct a study examining any increasing costs of liability, fire and casualty insurance premiums or any lack of availability of liability, fire and casualty insurance coverage for affordable housing THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Sections 1 and 2 of a chapter of the laws of 2021 relating to directing the department of financial services and the division of housing and community renewal to conduct a study examining the increas- ing costs of insurance premiums and the lack of availability of insur- ance coverage for affordable housing, as proposed in legislative bills numbers S. 5231 and A. 5574, are amended to read as follows: Section 1. The department of financial services, in coordination with the division of housing and community renewal, shall conduct a study to examine [the] ANY increases in LIABILITY, FIRE AND CASUALTY insurance premiums [and the] OR ANY lack of availability of LIABILITY, FIRE AND CASUALTY insurance coverage for affordable housing developments in New York state. The department and the division shall: (a) analyze [the] ANY factors that [increase] HAVE INCREASED LIABIL- ITY, FIRE AND CASUALTY insurance costs for such housing developments and analyze [the] ANY factors that [may limit] HAVE LIMITED insurers from offering LIABILITY, FIRE AND CASUALTY coverage for affordable housing projects; and (b) identify the potential impact, over the next ten years, of THE COST OF LIABILITY, FIRE AND CASUALTY insurance [premium increases] and THE unavailability of LIABILITY, FIRE AND CASUALTY insurance coverage EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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