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NY A03615
Bill
Status
2/3/2023
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Amends Insurance Law Section 3420 to require insurers to provide written notice of liability disclaimers or coverage denials for revived civil claims within 120 days of receiving actual notice of the claim.
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Applies specifically to revived causes of action under Civil Practice Law and Rules Section 214-g, establishing a new timeline requirement distinct from the existing "as soon as reasonably possible" standard.
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Maintains existing requirements that insurers notify both the insured and injured persons or claimants of disclaimers or denials for motor vehicle accidents and other accidents in New York.
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Takes effect immediately and applies retroactively to all policies entered into on or before the effective date of Chapter 11 of the 2019 laws.
Legislative Description
Relates to notice of disclaimer of liability for certain revived causes of action; such notice shall occur within 120 days after the insurer has received actual notice of such revived claim or cause of action.
Last Action
referred to insurance
1/3/2024