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NY A04665

Bill

Status

Introduced

2/21/2023

Primary Sponsor

John McGowan

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Requires insurers to provide written notice of renewal or extension to insureds no later than 30 days before policy expiration for insurance policies issued on or after the effective date.

  • Applies to insurance policies under Article 49 of the Insurance Law, motor vehicle insurance certificates, and workers' compensation insurance policies.

  • Specifies that motor vehicle insurance notices must be sent by regular mail with certificate of mailing in a form prescribed by the commissioner.

  • Authorizes the superintendent to prescribe the form and manner of delivery for renewal notices under the Insurance Law.

  • Takes effect 90 days after becoming law, with regulations authorized to be adopted immediately for implementation.

Legislative Description

Requires insurers to send a notice of renewal or extension of certain policies to the insured no later than thirty days prior to the expiration of the policy.

Last Action

referred to insurance

1/3/2024

Committee Referrals

Insurance2/21/2023

Full Bill Text

No bill text available