Assembly Bill A9740

2023-2024 Legislative Session

Relates to loss prevention programs

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

  • 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

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2023-A9740 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §2324, Ins L

2023-A9740 (ACTIVE) - Summary

Provides that certain provisions relating to rebating and discrimination regarding insurance contracts shall not prohibit any insurer from providing loss mitigation or loss control programs at no cost or a reduced cost to policyholders.

2023-A9740 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9740
 
                           I N  A S S E M B L Y
 
                               April 3, 2024
                                ___________
 
 Introduced by M. of A. WEPRIN -- read once and referred to the Committee
   on Insurance
 
 AN  ACT  to  amend  the  insurance  law,  in relation to loss prevention
   programs
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subsection  (f)  of  section 2324 of the insurance law is
 relettered subsection (g) and a new subsection (f) is added to  read  as
 follows:
   (F)  THIS  SECTION  SHALL NOT PROHIBIT ANY INSURER FROM PROVIDING LOSS
 MITIGATION OR LOSS CONTROL PROGRAMS AT NO COST  OR  A  REDUCED  COST  TO
 POLICYHOLDERS,  PURSUANT  TO  REGULATIONS PROMULGATED BY THE SUPERINTEN-
 DENT.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14957-01-4

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