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NY A07923

Bill

Status

Introduced

8/4/2023

Primary Sponsor

Linda Rosenthal

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Prohibits insurers from requiring property owners to disclose on insurance applications whether tenants receive rental assistance from government agencies, housing authorities, or other entities that limit tenant rent to a percentage of income.

  • Prevents insurers from canceling, refusing to issue, refusing to renew, or increasing premiums based solely on tenants receiving rental assistance.

  • Prevents insurers from excluding, limiting, restricting, or reducing coverage under a policy based solely on the presence of tenants receiving rental assistance.

  • Allows insurers to take other permitted actions under insurance law unrelated to rental assistance status, such as cancellation or premium increases based on other factors.

  • Takes effect immediately upon enactment.

Legislative Description

Prohibits insurers from requiring a property owner to disclose the presence of tenants receiving rental assistance; prohibits coverage refusal due to the presence of tenants receiving rental assistance.

Last Action

referred to insurance

1/3/2024

Committee Referrals

Insurance8/4/2023

Full Bill Text

No bill text available