|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to insurance|
|Apr 14, 2011||referred to insurance|
senate Bill S4654
Archive: Last Bill Status -
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4654 - Details
S4654 - Summary
Prohibits discrimination in the issuance of homeowner's insurance policies based upon the subject property's location; makes various provisions clarifying prohibition on refusal to issue or renew certain policies including homeowner's fire and extended coverage based solely on geographical location.
S4654 - Sponsor Memo
BILL NUMBER:S4654 TITLE OF BILL: An act to amend the insurance law, in relation to prohibiting discrimination in the issuance or renewal of homeowner's insurance policies and to the geographical location of risk of certain policies PURPOSE OR GENERAL IDEA OF BILL: Prohibits discrimination in the issuance and renewal of homeowner's insurance policies based on the geographic location of the risk or property. SUMMARY OF SPECIFIC PROVISIONS:, Section 3429 of the insurance law is amended to include homeowner's insurance in the list of insurance categories said section applies to. Subdivision (a) of section 3429 of the insurance law is amended to add rejection of an application and limiting the type or amount of coverage offered as actions that are prohibited with regard to discrimination based on geographic location of a risk or property. Part 2 of subdivision (a) of section 3429 is amended to include protection against discrimination based on property location and to allow an insurer to reject an application based on geographic
S4654 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4654 2011-2012 Regular Sessions I N S E N A T E April 14, 2011 ___________ Introduced by Sen. ZELDIN -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT to amend the insurance law, in relation to prohibiting discrimi- nation in the issuance or renewal of homeowner's insurance policies and to the geographical location of risk of certain policies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 3429 of the insurance law is amended to read as follows: S 3429. Geographical location of risks; HOMEOWNERS'; fire, fire and extended coverage policies; private passenger automobile insurance poli- cies. (a) No insurer shall REJECT ANY APPLICATION FOR, refuse to issue or renew, LIMIT THE TYPE OR AMOUNT OF COVERAGE OFFERED or shall cancel a policy of: (1) HOMEOWNERS' INSURANCE, fire insurance or fire and extended cover- age insurance, or (2) automobile insurance subject to section three thousand four hundred twenty-five of this article based solely on the geographical location of the risk OR PROPERTY within this state. Such prohibition shall not preclude an insurer from REJECT- ING AN APPLICATION FOR SUCH COVERAGE BASED ON THE UNREASONABLE DISTANCE OF THE RISK OR PROPERTY FROM THE INSURER'S ORDINARY SERVICE AREA, OR FROM refusing to issue or renew, LIMITING THE TYPE OR AMOUNT OF COVERAGE OFFERED or from cancelling such policies [based on sound underwriting and actuarial principles] reasonably related to actual or anticipated loss experience subject to the applicable provisions of section three thousand four hundred twenty-five of this article. (b) The superintendent shall by regulation establish procedures with respect to notification to insureds of the insurer's specific reason or reasons for refusal to issue or renew or for cancellation of such poli- cy. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10775-01-1
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