| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Feb 06, 2012 |
amend by restoring to original print 4689 |
| Oct 26, 2011 |
amend and recommit to insurance |
| Apr 14, 2011 |
referred to insurance |
| Jan 04, 2012 |
referred to insurance |
| Dec 09, 2011 |
print number 4689b |
| Dec 09, 2011 |
amend (t) and recommit to insurance |
| Oct 26, 2011 |
print number 4689a |
Senate Bill S4689
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
Actions
Bill Amendments
2011-S4689 (ACTIVE) - Details
2011-S4689 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4689
TITLE OF BILL:
An act
to amend the insurance law, in relation to requiring insurers of
property to eliminate from the claims record of an insured, any claim of
loss made and paid in good faith, which is discovered to be false and
the proceeds of such claim are repaid to the insurer
PURPOSE:
To require the removal from an insurer's
record of claims any claim paid for lost property which was subsequently
found to be not lost and the insured reimbursed the insurer for the
claim.
SUMMARY OF PROVISIONS:
This bill amends insurance law by adding a new section 3407-b.
JUSTIFICATION:
There is no requirement in law that a claim be removed from an insured's
record of claims should lost property be found and said claim be
reimbursed by insured. Additionally, there have been instances in which
an insured's reimbursement of a claim is missing from the record of
claims. This creates an incomplete picture of an insured's claim history
and disadvantages future ability to get insurance and/or distorts an
insured's risk profile.
2011-S4689 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4689
2011-2012 Regular Sessions
I N S E N A T E
April 14, 2011
___________
Introduced by Sen. FLANAGAN -- 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 requiring insurers of
property to eliminate from the claims record of an insured, any claim
of loss made and paid in good faith, which is discovered to be false
and the proceeds of such claim are repaid to the insurer
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 3407-b
to read as follows:
S 3407-B. PROPERTY INSURANCE; CLAIM OF LOSS. THE GOOD FAITH CLAIM OF
THE LOSS OF ANY PROPERTY WHICH A PERSON HAS INSURED AGAINST LOSS OR
DAMAGE UNDER ANY CONTRACT OF INSURANCE, ISSUED OR DELIVERED IN THIS
STATE OR COVERING PROPERTY LOCATED IN THIS STATE, SHALL BE REMOVED FROM
THE RECORD OF CLAIMS MADE BY THE INSURED, FOR ALL PURPOSES, WHEN THE
INSURED SUBSEQUENTLY FINDS THAT SUCH PROPERTY WAS NOT LOST AND REPAYS TO
THE INSURER ALL MONEY, IF ANY, PAID PURSUANT TO SUCH CLAIM.
S 2. This act shall take effect immediately and shall apply to claims
made on, before or after such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08821-01-1
2011-S4689A - Details
2011-S4689A - Sponsor Memo
BILL NUMBER:S4689A
TITLE OF BILL:
An act
to amend the insurance law, in relation to requiring insurers of
property to eliminate from the claims record of an insured, any claim of
loss made and paid in good faith, which is discovered to be false and
the proceeds of such claim are repaid to the insurer
PURPOSE:
To require the removal from an insurer's record of claims any claim
paid for lost property which was subsequently round to be not lost
and the insured reimbursed the insurer for the claim.
SUMMARY OF PROVISIONS:
This bill amends insurance law by adding a new section 3407-b.
JUSTIFICATION:
There is no requirement in law that a claim be removed from an
insured's record of claims should lost property be found and said
claim be reimbursed by insured. Additionally, there have been
instances in which an insured's reimbursement of a claim is missing
from the record of claims.
This creates an incomplete picture of an insured's claim history and
disadvantages future ability to get insurance and/or distorts an
insured's risk profile.
2011-S4689A - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4689--A
2011-2012 Regular Sessions
I N S E N A T E
April 14, 2011
___________
Introduced by Sen. FLANAGAN -- read twice and ordered printed, and when
printed to be committed to the Committee on Insurance -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee
AN ACT to amend the insurance law, in relation to requiring insurers of
property to eliminate from the claims record of an insured, any claim
of loss made and paid in good faith, which is discovered to be false
and the proceeds of such claim are repaid to the insurer
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 3407-b
to read as follows:
S 3407-B. PROPERTY INSURANCE; CLAIM OF LOSS. REPAYMENT OF A GOOD FAITH
CLAIM OF THE LOSS OF ANY PROPERTY WHICH A PERSON HAS INSURED AGAINST
LOSS OR DAMAGE UNDER ANY CONTRACT OF INSURANCE, ISSUED OR DELIVERED IN
THIS STATE OR COVERING PROPERTY LOCATED IN THIS STATE, SHALL BE RECORDED
ON THE RECORD OF CLAIMS MADE BY THE INSURED, FOR ALL PURPOSES, WHEN THE
INSURED SUBSEQUENTLY FINDS THAT SUCH PROPERTY WAS NOT LOST AND REPAYS TO
THE INSURER ALL MONEY, IF ANY, PAID PURSUANT TO SUCH CLAIM.
S 2. This act shall take effect immediately and shall apply to claims
made on, before or after such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08821-02-1
2011-S4689B - Details
2011-S4689B - Sponsor Memo
BILL NUMBER:S4689B
TITLE OF BILL:
An act
to amend the insurance law, in relation to requiring insurers
to record on the record of claims that the insured reimbursed the
insurer for claims previously paid to the insured by the
insurer in certain instances
PURPOSE:
To require insurers to retain on an insured's record of claims any
claim paid for lost property which was subsequently found and for
which the insured reimbursed the insurer for the claim.
SUMMARY OF PROVISIONS:
This bill amends insurance law by adding a new section 3407-b.
JUSTIFICATION:
There is no requirement in law that a claim be removed from an
insured's record of claims should lost property be found and said
claim be reimbursed by insured. Additionally, there have been
instances in which an insured's reimbursement of a claim is missing
from the record of claims.
This creates an incomplete picture of an insured's claim history and
disadvantages future ability to get insurance and/or distorts an
insured's risk profile.
2011-S4689B - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
4689--B
2011-2012 Regular Sessions
I N S E N A T E
April 14, 2011
___________
Introduced by Sen. FLANAGAN -- read twice and ordered printed, and when
printed to be committed to the Committee on Insurance -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the insurance law, in relation to requiring insurers to
record on the record of claims that the insured reimbursed the insurer
for claims previously paid to the insured by the insurer in certain
instances
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 3407-b
to read as follows:
S 3407-B. PROPERTY INSURANCE; CLAIM OF LOSS. REPAYMENT OF A GOOD FAITH
CLAIM OF THE LOSS OF ANY PROPERTY WHICH A PERSON HAS INSURED AGAINST
LOSS OR DAMAGE UNDER ANY CONTRACT OF INSURANCE, ISSUED OR DELIVERED IN
THIS STATE OR COVERING PROPERTY LOCATED IN THIS STATE SHALL BE RECORDED
ON THE RECORD OF CLAIMS MADE BY THE INSURED, FOR ALL PURPOSES, WHEN THE
INSURED SUBSEQUENTLY FINDS THAT SUCH PROPERTY WAS NOT LOST AND REPAYS TO
THE INSURER ALL MONEY, IF ANY, PAID PURSUANT TO SUCH CLAIM.
S 2. This act shall take effect immediately and shall apply to claims
made on, before or after such effective date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08821-04-1
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