senate Bill S3663

2013-2014 Legislative Session

Prohibits discrimination in the issuance of homeowner's insurance policies and clarifies prohibition of refusal to issue policies based solely on geographical location

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to insurance
Feb 08, 2013 referred to insurance

Co-Sponsors

S3663 - Details

See Assembly Version of this Bill:
A4771
Current Committee:
Law Section:
Insurance Law
Laws Affected:
Amd ยงยง3429 & 3433, Ins L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S4654, A7042
2009-2010: S8238, A2101

S3663 - 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.

S3663 - Bill Text download pdf

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

    S. 3663                                                  A. 4771

                       2013-2014 Regular Sessions

                      S E N A T E - A S S E M B L Y

                            February 8, 2013
                               ___________

IN  SENATE -- Introduced by Sen. ZELDIN -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Insurance

IN ASSEMBLY -- Introduced by M. of A. THIELE, ENGLEBRIGHT --  read  once
  and referred 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.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06531-01-3

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