Loading chat...

NY S07876

Bill

Official Source

Status

Engrossed

6/19/2014

Primary Sponsor

Martin Golden

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends New York Insurance Law Section 2108 by adding subsection (t) requiring insurers and independent adjusters to use cost data appropriate for the specific region of New York where the loss or damage occurred when adjusting property damage claims
  • Applies to claims made under insurance policies covering loss of or damage to real or personal property
  • Does not apply to automobile insurance policies
  • Takes effect immediately upon enactment

Legislative Description

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.

Last Action

referred to codes

6/19/2014

Committee Referrals

Codes6/19/2014
Rules6/16/2014

Full Bill Text

No bill text available