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NY A05439
Bill
Status
6/21/2023
Primary Sponsor
William Barclay
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AI Summary
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Requires the New York Department of Financial Services to publish an annual notice in local newspapers serving Lake Ontario border communities with information about flood insurance.
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Notice must include the department's contact information, disaster hotline, and web link to the department's disaster and flood resource center.
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Notice must contain a statement explaining that flood insurance is not covered under standard homeowners or tenants policies and is available separately through the National Flood Insurance Program (NFIP).
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Statement must specify that the Department of Financial Services can answer questions about insurance agents, brokers, adjustors, claims processes, policy cancellation, non-renewal, and additional living expenses coverage.
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Act takes effect immediately upon enactment.
Legislative Description
Relates to flood insurance notice in communities bordering Lake Ontario; requires the department of financial services to publish an annual notice with the department's contact information and a statement about flood insurance and how it relates to standard homeowners insurance policies in local newspapers that serve the communities bordering Lake Ontario.
Last Action
REFERRED TO INSURANCE
3/11/2024