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Assembly Bill A5526A

2013-2014 Legislative Session

Requires the removal from an insured's record of claims any claim paid for lost property which was not lost and the insured reimbursed the insurer for the claim

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Archive: Last Bill Status - In Senate Committee Insurance Committee

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Bill Amendments

co-Sponsors

multi-Sponsors

2013-A5526 - Details

See Senate Version of this Bill:
S6930
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Add §3407-b, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A5336
2011-2012: A4601
2015-2016: A6290
2017-2018: A6864
2019-2020: A5804

2013-A5526 - Summary

Requires the removal from an insured's record of claims any claim made in good faith and paid for lost property which was not lost and the insured reimbursed the insurer for the claim after the lost property is found.

2013-A5526 - Bill Text download pdf 

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

                                  5526

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 28, 2013
                               ___________

Introduced  by M. of A. ENGLEBRIGHT, COLTON, GUNTHER, CAHILL, ZEBROWSKI,
  WEPRIN -- Multi-Sponsored by -- M. of A. ABINANTI, BOYLAND, GABRYSZAK,
  MAISEL, MARKEY, RIVERA, SWEENEY, TITONE, WEISENBERG -- read  once  and
  referred 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.
                                                           LBD09232-01-3

co-Sponsors

multi-Sponsors

2013-A5526A (ACTIVE) - Details

See Senate Version of this Bill:
S6930
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Add §3407-b, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A5336
2011-2012: A4601
2015-2016: A6290
2017-2018: A6864
2019-2020: A5804

2013-A5526A (ACTIVE) - Summary

Requires the removal from an insured's record of claims any claim made in good faith and paid for lost property which was not lost and the insured reimbursed the insurer for the claim after the lost property is found.

2013-A5526A (ACTIVE) - Bill Text download pdf 

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

                                 5526--A
                                                        Cal. No. 107

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 28, 2013
                               ___________

Introduced  by M. of A. ENGLEBRIGHT, COLTON, GUNTHER, CAHILL, ZEBROWSKI,
  WEPRIN -- Multi-Sponsored by -- M. of A. ABINANTI, BOYLAND, GABRYSZAK,
  MAISEL, MARKEY, RIVERA, SWEENEY, TITONE, WEISENBERG -- read  once  and
  referred  to  the  Committee  on Insurance -- reported from committee,
  advanced to a third reading, amended and ordered reprinted,  retaining
  its place on the order of third reading

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 or after such effective date.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09232-02-3

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