Assembly Bill A8041

2009-2010 Legislative Session

Relates to requiring insurers to refund or credit to the insured a percentage of the premiums paid after receiving a non-renewal notice

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

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

co-Sponsors

multi-Sponsors

2009-A8041 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add §3430-a, Ins L
Versions Introduced in Other Legislative Sessions:
2011-2012: A2561
2013-2014: A3727

2009-A8041 (ACTIVE) - Summary

Relates to requiring insurers to refund or credit to the insured a percentage of the premiums paid after receiving a non-renewal notice, based solely on the geographical location of the property or risks.

2009-A8041 (ACTIVE) - Sponsor Memo

2009-A8041 (ACTIVE) - Bill Text download pdf 

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

                                  8041

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                               May 1, 2009
                               ___________

Introduced  by  M.  of  A. WEISENBERG, COLTON, JAFFEE, PERRY, BENEDETTO,
  ZEBROWSKI, SPANO, TITUS, HOOPER,  PHEFFER,  BALL,  MARKEY,  CASTRO  --
  Multi-Sponsored by -- M. of A. BARRON, BOYLAND, BROOK-KRASNY, BURLING,
  CONTE,  GALEF,  GIGLIO,  GREENE, HYER-SPENCER, LATIMER, MAISEL, MAYER-
  SOHN,  McDONOUGH,  McENENY,  McKEVITT,  RAIA,   J. RIVERA,   ROBINSON,
  RUSSELL,  SALADINO,  SCHIMEL, THIELE, WALKER -- read once and referred
  to the Committee on Insurance

AN ACT to amend the insurance law, in relation to requiring insurers  to
  refund  or  credit  to  the insured a percentage of the premiums paid,
  after they receive a non-renewal notice for homeowners insurance

  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 3430-a
to read as follows:
  S  3430-A.  RIGHT OF INSURED UPON NOTICE OF NON-RENEWAL OF HOMEOWNER'S
INSURANCE. (A) THE SUPERINTENDENT SHALL CAUSE THE INSURER TO  REFUND  OR
CREDIT  ANY  INSURED  WHO  HAS RECEIVED A NOTICE OF NON-RENEWAL FROM THE
INSURER FOR HOMEOWNER'S INSURANCE, INCLUDING FIRE INSURANCE OR FIRE  AND
EXTENDED  COVERAGE  INSURANCE,  OTHER  THAN  FROM  THE NEW YORK PROPERTY
INSURANCE UNDERWRITING ASSOCIATION, FOR A  PERCENTAGE  OF  THE  PREMIUMS
PAID FOR THE NUMBER OF YEARS A CLAIM WAS NOT MADE, PROVIDED, HOWEVER THE
INSURED'S  NON-RENEWAL  NOTICE  WAS  BASED  SOLELY  ON  THE GEOGRAPHICAL
LOCATION OF THE PROPERTY OR RISKS AND NOT BASED ON ANY CLAIM  OR  CLAIMS
MADE BY THE INSURED.
  (B)  THE SUPERINTENDENT SHALL PROMULGATE RULES AND REGULATIONS REGARD-
ING THE MANNER AND PERCENTAGE IN WHICH PREMIUMS ARE TO  BE  REFUNDED  OR
CREDITED.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11147-01-9

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.