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NY A07352
Bill
Status
5/17/2023
Primary Sponsor
Pamela Hunter
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AI Summary
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Extends the expiration date of property/casualty insurance availability act provisions from June 30, 2023 to June 30, 2026 across multiple sections of insurance law.
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Delays the termination of motor vehicle insurance rate prior approval requirements and excess profit refund provisions for insurers until June 30, 2026.
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Extends the New York Property Insurance Underwriting Association's authority to offer broad form coverage until June 30, 2028, and requires superintendent reporting by January 1, 2028 on policies issued.
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Updates pronouns in relevant sections to use "the superintendent" instead of "he or she" or "him or her."
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Takes effect immediately upon enactment.
Legislative Description
Extends provisions of the property/casualty insurance availability act and the authority of the New York property insurance underwriting association.
Last Action
substituted by s7189
5/31/2023