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NY A02572
Bill
Status
1/20/2017
Primary Sponsor
Amy Paulin
Click for details
AI Summary
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Adds new section 3421 to New York insurance law requiring homeowners' insurance policies to include a specific notice to insureds upon issuance or renewal.
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Notice must state in plain, bold, easy-to-read type that claims may adversely affect premiums, condition renewal on changes to limits or elimination of coverages, or affect policy renewal ability.
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Takes effect 90 days after enactment and applies to all homeowners' insurance policies issued or renewed on or after the effective date.
Legislative Description
Requires homeowner's insurance policies, upon issuance or renewal, to include notice that such a claim may adversely affect future premiums, renewal, or may condition policy renewal upon change of limits or elimination of coverages.
Last Action
enacting clause stricken
6/25/2018