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NY A03531

Bill

Official Source

Status

Introduced

1/25/2011

Primary Sponsor

Peter Rivera

Click for details

Origin

Assembly

2011-2012 General Assembly

AI Summary

  • Prohibits insurers authorized to transact business in New York from basing homeowners insurance premiums on prior claims made by the insured on any other residential real property that they owned or previously owned

  • Applies to all insurers operating in New York and any entities controlling or controlled by such insurers

  • Takes effect September 1 following the date the bill becomes law and applies to policies issued, renewed, or amended on or after that date

Legislative Description

Prohibits imposing homeowners insurance rates premiums based on prior claims by an insured related to a different parcel of real property.

Last Action

enacting clause stricken

9/4/2012

Committee Referrals

Insurance1/25/2011

Full Bill Text

No bill text available