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 |
Senate Bill S2746
Signed By Governor2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2017-S2746 (ACTIVE) - Details
2017-S2746 (ACTIVE) - 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.
2017-S2746 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2746 TITLE OF BILL : 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 PURPOSE : To ensure that temporary adjusters and insurers are utilizing cost data that is regionally appropriate. SUMMARY OF PROVISIONS : Section one of the bill amends Insurance Law section 2108(n) to require independent adjusters issued a temporary permit by the superintendent of financial services to utilize cost data that is appropriate for the region of the state where they are adjusting. Section two of this bill amends Insurance Law section 2601(a) to add a new paragraph (8) to make it an unfair claims settlement practice for insurers to either artificially lower cost data used for adjusted claims or use cost data that is not appropriate for the region of the state where the loss occurred. Section three of this bill provides that this act shall take effect
2017-S2746 (ACTIVE) - 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
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.