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NY A07352

Bill

Status

Introduced

5/17/2023

Primary Sponsor

Pamela Hunter

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • 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.

  • Delays the termination of motor vehicle insurance rate prior approval requirements and excess profit refund provisions for insurers until June 30, 2026.

  • 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.

  • Updates pronouns in relevant sections to use "the superintendent" instead of "he or she" or "him or her."

  • 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

Committee Referrals

Rules5/24/2023
Insurance5/17/2023

Full Bill Text

No bill text available