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NY A02716
Bill
Status
1/26/2023
Primary Sponsor
Jacob Blumencranz
Click for details
AI Summary
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Insurers must display all pertinent underwriting information used to calculate premiums on the declarations page of homeowners and dwelling fire personal lines policies.
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Required information includes estimated square footage, primary construction material, distance from nearest fire hydrant (if applicable), and fire district or fire protection district location.
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Insurers must disclose whether a credit score was used in determining the premium, including the actual score and its position on the scoring company's scale.
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Information must appear on declarations pages for all new homeowners and dwelling fire policies, as well as all renewal homeowners and dwelling fire policies.
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Act takes effect 180 days after becoming law.
Legislative Description
Requires insurers to display certain underwriting information on the declarations page to their homeowners and dwelling fire personal lines policies.
Last Action
referred to insurance
1/3/2024