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NY A09740

Bill

Official Source

Status

Introduced

4/3/2024

Primary Sponsor

David Weprin

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends Section 2324 of the Insurance Law to permit insurers to offer loss mitigation or loss control programs to policyholders at no cost or reduced cost
  • Programs must be provided pursuant to regulations established by the superintendent of insurance
  • Clarifies that such programs are not prohibited under existing insurance law provisions regarding rebating and discrimination
  • Takes effect immediately upon enactment

Legislative Description

Provides that certain provisions relating to rebating and discrimination regarding insurance contracts shall not prohibit any insurer from providing loss mitigation or loss control programs at no cost or a reduced cost to policyholders.

Last Action

referred to insurance

4/3/2024

Committee Referrals

Insurance4/3/2024

Full Bill Text

No bill text available