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NY S08889

Bill

Official Source

Status

Engrossed

6/4/2024

Primary Sponsor

Neil Breslin

Click for details

Origin

Senate

2023-2024 General Assembly

AI Summary

  • Amends section 2324 of the New York insurance law to permit insurers to provide loss mitigation or loss control programs at no cost or reduced cost to policyholders
  • Programs must comply with regulations established by the superintendent of insurance
  • Establishes a penalty of $500 for each violation of this section, in addition to all other penalties provided by law
  • Takes effect immediately upon enactment

Legislative Description

Authorizes insurers to provide no or low cost loss prevention programs to policyholders, pursuant to regulations.

Last Action

referred to insurance

6/4/2024

Committee Referrals

Insurance6/4/2024
Insurance3/25/2024

Full Bill Text

No bill text available