senate Bill S2746

Signed By Governor
2017-2018 Legislative Session

Relates to the use of local cost data when adjusting claims

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Archive: Last Bill Status - Signed by Governor


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

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Actions

view actions (17)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 21, 2018 approval memo.16
signed chap.458
Dec 12, 2018 delivered to governor
Jun 20, 2018 returned to senate
passed assembly
ordered to third reading cal.59
substituted for a808
referred to codes
delivered to assembly
passed senate
Jun 18, 2018 ordered to third reading cal.1822
committee discharged and committed to rules
Jan 03, 2018 referred to insurance
Jun 21, 2017 recommitted to rules
Jun 14, 2017 ordered to third reading cal.1617
committee discharged and committed to rules
Jan 17, 2017 referred to insurance

Votes

view votes

Jun 18, 2018 - Rules committee Vote

S2746
24
0
committee
24
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Jun 14, 2017 - Rules committee Vote

S2746
22
0
committee
22
Aye
0
Nay
3
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

S2746 - Details

See Assembly Version of this Bill:
A808
Law Section:
Insurance Law
Laws Affected:
Amd §§2108 & 2601, Ins L
Versions Introduced in 2015-2016 Legislative Session:
S6464, A10197

S2746 - Summary

Relates to the use of local cost data when adjusting claims; requires an insurer and independent adjuster to adjust certain claims made under an insurance policy that provides coverage for loss of or damage to property using cost data appropriate for the region of this state where the loss or damage occurred.

S2746 - Sponsor Memo

S2746 - Bill Text download pdf


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

                                  2746

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            January 17, 2017
                               ___________

Introduced  by  Sen.  GOLDEN -- 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 out-of-state
  insurance adjusters employed to  appraise  in-state  property  damages
  arising from emergency situations to employ established rates used for
  appraisal by in-state insurance adjusters

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subsection (n) of section 2108  of  the  insurance  law  is
amended to read as follows:
  (n)  Notwithstanding  the  provisions of this section, the superinten-
dent, in order to facilitate the settlement of  claims  under  insurance
contracts  involving widespread property losses arising out of a confla-
gration or catastrophe common to all such losses, may issue a  temporary
permit  for  a term not exceeding one hundred twenty days to any person,
whether he be a resident of this state or a non-resident, to act  as  an
independent  adjuster  on  behalf  of an authorized insurer or insurers,
provided any such insurer shall execute and file in the  office  of  the
superintendent  a  written  application  for  the  permit  in  the  form
prescribed by the superintendent, which application shall  contain  such
information  as  he  may require and shall certify that the person named
therein to be designated in the temporary permit is qualified by experi-
ence and training to adjust claims  arising  under  insurance  contracts
issued  by  any  insurer  AND THAT SUCH PERSON SHALL ADJUST CLAIMS USING
COST DATA APPROPRIATE FOR THE REGION OF THE STATE WHERE SUCH  PERSON  IS
ADJUSTING  CLAIMS.   The superintendent may in his discretion renew such
permit for an additional term or terms as may  be  necessary  to  adjust
such  claims.    A  PERSON  ISSUED  A  TEMPORARY PERMIT PURSUANT TO THIS
SUBSECTION SHALL UTILIZE COST DATA THAT IS APPROPRIATE FOR THE REGION OF
THE STATE WHERE SUCH PERSON IS ADJUSTING CLAIMS.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06031-01-7

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