|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 04, 2012||referred to insurance|
|Jan 05, 2011||referred to insurance|
senate Bill S833
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S833 - Details
S833 - Sponsor Memo
BILL NUMBER:S833 TITLE OF BILL: An act to amend the insurance law, in relation to the cancellation and renewal provisions of insurance policies PURPOSE OR GENERAL IDEA OF BILL: Requires insurance companies to give adequate notice to the insured if the insurance company terminates, modifies or intends to terminate the existing insurer-insured relationship. SUMMARY OF SPECIFIC PROVISIONS: Paragraph 1 of Subsection (h) of section 3425 of the insurance law, as amended by chapter 675 of the laws of 2003 is amended. This legislation provides that the following communications from an insurance company to an insured shall be mailed by registered or certified mail return receipt requested: 1. A notice of cancellation. 2. Elimination of coverage. 3. Intention not to renew or reasons therefor.
S833 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 833 2011-2012 Regular Sessions I N S E N A T E (PREFILED) January 5, 2011 ___________ Introduced by Sen. STAVISKY -- 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 the cancellation and renewal provisions of insurance policies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subsection (h) of section 3425 of the insurance law, as amended by chapter 675 of the laws of 2003, is amended to read as follows: (1) [Proof of mailing of a] A notice of [cancellation,] A reduction of limits[, substitution of policy form, elimination of coverages, condi- tioned renewal or of intention not to renew,] IN COVERAGE or proof of the mailing of the reasons therefor, to the named insured at the address shown in the policy, shall be sufficient proof of the giving of notice and the giving of reasons required by this section; PROVIDED, HOWEVER, THAT A NOTICE OF CANCELLATION OF COVERAGE, THE ELIMINATION OF COVERAGE OR OF THE INTENTION NOT TO RENEW, OR THE MAILING OF THE REASONS THEREFOR SHALL BE MAILED BY REGISTERED OR CERTIFIED MAIL RETURN RECEIPT REQUESTED TO THE NAMED INSURED AT THE ADDRESS SHOWN IN THE POLICY. S 2. This act shall take effect on the sixtieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02488-01-1
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