| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 08, 2020 |
referred to insurance |
| Feb 08, 2019 |
referred to insurance |
Senate Bill S3498
2019-2020 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
Actions
co-Sponsors
(R, C, IP, RFM) Senate District
2019-S3498 (ACTIVE) - Details
2019-S3498 (ACTIVE) - Summary
Relates to personal and commercial lines insurance; provides that an insurer or producer shall, prior to the time a policy of personal lines insurance is sold or purchased, provide the potential insured with a copy of the policy and allow the potential insured sufficient time to review such policy; further provides that an insurer or producer shall, prior to the time a policy of commercial lines insurance that provides coverage for loss or damage to real property, personal property, or other liabilities for loss or damage to property is sold or purchased, provide the potential insured with a copy of the policy and allow the potential insured sufficient time to review such policy.
2019-S3498 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3498
SPONSOR: BRESLIN
TITLE OF BILL:
An act to amend the insurance law, in relation to personal and commer-
cial lines insurance
PURPOSE:
The purpose of this bill is to require insurers to provide consumers
with copies of certain insurance policies prior to the policy being
purchased in order to allow consumers to make informed decisions about
their insurance coverage.
SUMMARY OF PROVISIONS:
This bill would require an insurer, agent,. or broker to provide to
consumers in the market for homeowners and certain commercial policies a
copy of the policy, prior to the time such policy is sold or purchased.
The potential insured would have sufficient time to read and review the
2019-S3498 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3498
2019-2020 Regular Sessions
I N S E N A T E
February 8, 2019
___________
Introduced by Sens. BRESLIN, SEWARD -- 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 personal and commer-
cial lines insurance
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 3425 of the insurance law is amended by adding a
new subsection (a-1) to read as follows:
(A-1) AN INSURER OR PRODUCER SHALL, PRIOR TO THE TIME A POLICY OF
PERSONAL LINES INSURANCE IS SOLD OR PURCHASED, PROVIDE THE POTENTIAL
INSURED WITH A COPY OF THE POLICY AND ALLOW THE POTENTIAL INSURED SUFFI-
CIENT TIME TO REVIEW SUCH POLICY. PERSONAL LINES INSURANCE SHALL HAVE
THE SAME MEANING AS PARAGRAPH TWO OF SUBSECTION (A) OF THIS SECTION.
§ 2. Section 3426 of the insurance law is amended by adding a new
subsection (a-1) to read as follows:
(A-1) AN INSURER OR PRODUCER SHALL, PRIOR TO THE TIME A POLICY OF
COMMERCIAL LINES INSURANCE THAT PROVIDES COVERAGE FOR LOSS OR DAMAGE TO
REAL PROPERTY, PERSONAL PROPERTY, OR OTHER LIABILITIES FOR LOSS OR
DAMAGE TO PROPERTY IS SOLD OR PURCHASED, PROVIDE THE POTENTIAL INSURED
WITH A COPY OF THE POLICY AND ALLOW THE POTENTIAL INSURED SUFFICIENT
TIME TO REVIEW SUCH POLICY.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01993-01-9
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.