Senate Bill S2935

2009-2010 Legislative Session

Requires the removal from an insured's record of claims any claim paid for lost property which was not lost and the insured reimbursed the insurer for the claim

download bill text pdf

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Archive: Last Bill Status - In Senate Committee Insurance 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

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2009-S2935 (ACTIVE) - Details

See Assembly Version of this Bill:
A5336
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Add ยง3407-b, Ins L
Versions Introduced in Other Legislative Sessions:
2011-2012: S4689, A4601
2013-2014: A5526
2015-2016: A6290
2017-2018: A6864
2019-2020: A5804

2009-S2935 (ACTIVE) - Summary

Requires the removal from an insured's record of claims any claim made in good faith and paid for lost property which was not lost and the insured reimbursed the insurer for the claim after the lost property is found.

2009-S2935 (ACTIVE) - Sponsor Memo

2009-S2935 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2935

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                              March 6, 2009
                               ___________

Introduced  by Sen. FLANAGAN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Insurance

AN ACT to amend the insurance law, in relation to requiring insurers  of
  property  to eliminate from the claims record of an insured, any claim
  of loss made and paid in good faith, which is discovered to  be  false
  and the proceeds of such claim are repaid to the insurer

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The insurance law is amended by adding a new section 3407-b
to read as follows:
  S 3407-B. PROPERTY INSURANCE; CLAIM OF LOSS. THE GOOD FAITH  CLAIM  OF
THE  LOSS  OF  ANY  PROPERTY  WHICH A PERSON HAS INSURED AGAINST LOSS OR
DAMAGE UNDER ANY CONTRACT OF INSURANCE,  ISSUED  OR  DELIVERED  IN  THIS
STATE  OR COVERING PROPERTY LOCATED IN THIS STATE, SHALL BE REMOVED FROM
THE RECORD OF CLAIMS MADE BY THE INSURED, FOR  ALL  PURPOSES,  WHEN  THE
INSURED SUBSEQUENTLY FINDS THAT SUCH PROPERTY WAS NOT LOST AND REPAYS TO
THE INSURER ALL MONEY, IF ANY, PAID PURSUANT TO SUCH CLAIM.
  S  2. This act shall take effect immediately and shall apply to claims
made on, before or after such effective date.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09125-01-9

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