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Assembly Bill A7553

2011-2012 Legislative Session

Requires insurers to display certain underwriting information on the declarations page to their homeowners and dwelling fire personal lines policies

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Archive: Last Bill Status - In Assembly Committee

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2011-A7553 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add ยง3444-a, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A6181
2013-2014: A5746
2015-2016: A3312
2017-2018: A3399, A10334
2019-2020: A4200
2021-2022: A5154
2023-2024: A2716

2011-A7553 (ACTIVE) - Summary

Requires insurers to display certain underwriting information on the declarations page to their homeowners and dwelling fire personal lines policies.

2011-A7553 (ACTIVE) - Bill Text download pdf 

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

                                  7553

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              May 10, 2011
                               ___________

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.
                                                           LBD11092-01-1

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