Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 09, 2010 |
reported referred to codes |
Jan 06, 2010 |
referred to insurance |
Jan 21, 2009 |
referred to insurance |
Assembly Bill A2742
2009-2010 Legislative Session
Sponsored By
GANTT
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-A2742 (ACTIVE) - Details
2009-A2742 (ACTIVE) - Summary
Prohibits discrimination in the issuance of homeowner's insurance policies based upon the subject property's location or age of structures contained thereon; makes various provisions clarifying prohibition on refusal to issue or renew certain policies including homeowner's fire and extended coverage based solely on geographical location.
2009-A2742 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2742 2009-2010 Regular Sessions I N A S S E M B L Y January 21, 2009 ___________ Introduced by M. of A. GANTT -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to prohibiting discrimi- nation in the issuance or renewal of homeowners' insurance policies and to the geographical location of risk of certain policies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 3429 of the insurance law is amended to read as follows: S 3429. Geographical location of risks; HOMEOWNERS'; fire, fire and extended coverage policies; private passenger automobile insurance poli- cies. (a) No insurer shall REJECT ANY APPLICATION FOR, refuse to issue or renew, LIMIT THE TYPE OR AMOUNT OF COVERAGE OFFERED or shall cancel a policy of: (1) HOMEOWNERS' INSURANCE, fire insurance or fire and extended cover- age insurance, or (2) automobile insurance subject to section three thousand four hundred twenty-five of this article based solely on the geographical location, AGE OR MARKET VALUE of the risk OR PROPERTY within this state. Such prohibition shall not preclude an insurer from REJECTING AN APPLICATION FOR SUCH COVERAGE BASED ON THE UNREASONABLE DISTANCE OF THE RISK OR PROPERTY FROM THE INSURER'S ORDI- NARY SERVICE AREA, OR FROM refusing to issue or renew, LIMITING THE TYPE OR AMOUNT OF COVERAGE OFFERED or from cancelling such policies [based on sound underwriting and actuarial principles] IF ITS ACTION IS SUPPORTED BY ACTUARIALLY SOUND STATISTICAL DATA reasonably related to actual or anticipated loss experience subject to the applicable provisions of section three thousand four hundred twenty-five of this article, AND SUCH ACTION IS CONSISTENT WITH ITS TREATMENT OF RISKS OF SUBSTANTIALLY SIMILAR HAZARD IN ALL GEOGRAPHICAL LOCATIONS IT SERVES IN THIS STATE. (b) The superintendent shall by regulation establish procedures with respect to notification to insureds of the insurer's specific reason or reasons for refusal to issue or renew or for cancellation of such poli- cy.
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