S T A T E O F N E W Y O R K
________________________________________________________________________
6181
2009-2010 Regular Sessions
I N A S S E M B L Y
February 26, 2009
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Introduced by M. of A. McKEVITT -- read once and referred to the Commit-
tee on Insurance
AN ACT to amend the insurance law, in relation to the provision of
underwriting information
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The insurance law is amended by adding a new section 3444-a
to read as follows:
S 3444-A. UNDERWRITING INFORMATION. 1. INSURERS SHALL DISPLAY ON THE
DECLARATIONS PAGE TO THEIR HOMEOWNERS AND DWELLING FIRE PERSONAL LINES
INSUREDS ALL PERTINENT UNDERWRITING INFORMATION USED TO DERIVE THE
PREMIUM FOR SUCH POLICY, INCLUDING, BUT NOT LIMITED TO, THE ESTIMATED
SQUARE FOOTAGE OF THE PROPERTY TO BE INSURED, ITS PRIMARY CONSTRUCTION
MATERIAL, DISTANCE FROM NEAREST FIRE HYDRANT (IF APPLICABLE), THE FIRE
DISTRICT OR FIRE PROTECTION DISTRICT IN WHICH THE PROPERTY IS LOCATED
AND WHETHER A CREDIT SCORE WAS USED IN DETERMINING THE PREMIUM AND, IF
SO, THE ACTUAL SCORE AND WHERE SUCH SCORE LIES ON THE SCALE OF THE
COMPANY OR ENTITY WHICH PROVIDED THE SCORE.
2. THE INFORMATION REQUIRED BY THIS SECTION SHALL BE DISPLAYED ON THE
DECLARATIONS PAGE OF ALL NEW HOMEOWNERS AND DWELLING FIRE PERSONAL LINES
POLICIES AND ALL RENEWAL HOMEOWNERS AND DWELLING FIRE POLICIES.
S 2. This act shall take effect on the one hundred eightieth day after
it shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD09789-01-9