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NY A02207
Bill
Status
3/3/2023
Primary Sponsor
Simcha Eichenstein
Click for details
AI Summary
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Repeals section 3114 of the insurance law (relating to hate crime insurance coverage from 2022 legislation)
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Adds new section 3422 prohibiting insurers from canceling, refusing to renew, or increasing premiums based solely on claims made in the preceding 60 months for losses resulting from hate crimes
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Applies to individuals, small businesses with 100 or fewer employees, religious organizations, educational organizations, and nonprofit organizations with religious, charitable, or educational purposes
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Requires the named insured to provide evidence that the loss resulted from a hate crime as defined in Penal Law Article 485 and that the insured was not the perpetrator
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Permits insurers to take other actions allowed under insurance law, including factors in section 2303, that are unrelated to hate crime claims
Legislative Description
Prohibits an insurer from cancelling, refusing to issue, refusing to renew, or increasing the premium of a policy or to exclude, limit, restrict, or reduce coverage under such policy solely on the basis that one or more claims have been made against any policy during the preceding sixty months for a loss that is the result of a hate crime.
Last Action
signed chap.65
3/3/2023