Assembly Bill A3283

2011-2012 Legislative Session

Makes provisions with respect to notices of homeowners deductibles triggers for hurricane windstorms

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Sponsored By

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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Bill Amendments

co-Sponsors

multi-Sponsors

2011-A3283 - Details

See Senate Version of this Bill:
S3387
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §3445, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4847
2013-2014: A2729, S2032
2015-2016: A7537, S253
2017-2018: A6665, S2062
2019-2020: A2902, S3324
2021-2022: A950
2023-2024: A2866

2011-A3283 - Summary

Provides superintendent of insurance shall establish standards for hurricane windstorm deductibles, creating uniformity in the operation of such deductibles with respect to the triggering event.

2011-A3283 - Bill Text download pdf 

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

                                  3283

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 24, 2011
                               ___________

Introduced  by M. of A. WEISENBERG, SWEENEY, ENGLEBRIGHT, COLTON, SPANO,
  MAISEL, PHEFFER, CASTRO, COOK, JAFFEE -- Multi-Sponsored by --  M.  of
  A.  BOYLAND,  HIKIND, HOOPER, McKEVITT, RAIA, SALADINO, THIELE -- read
  once and referred to the Committee on Insurance

AN ACT to amend the insurance law, in relation to  homeowners  insurance
  deductibles triggers

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

  Section 1. Section 3445 of the insurance law, as added by  chapter  44
of  the  laws of 1998, is renumbered section 3455 and amended to read as
follows:
  S 3455. Windstorm insurance notice; DEDUCTIBLE TRIGGER STANDARDS.  (A)
The superintendent shall by regulation establish disclosure requirements
with respect to the operation of any deductible in a homeowner's  insur-
ance  policy or dwelling fire personal lines policy which applies as the
result of a windstorm. Such regulations shall prescribe the  form  of  a
notice  to  be  provided  by  an insurer to an insured. The notice shall
explain in clear and plain language the amount of  the  deductible,  the
circumstances  under  which the deductible applies and any other matters
which the superintendent, in his or her discretion, shall deem necessary
or appropriate.
  (B) THE SUPERINTENDENT SHALL BY  REGULATION  ESTABLISH  STANDARDS  FOR
HURRICANE  WINDSTORM  DEDUCTIBLES,  WHICH CREATE, TO THE GREATEST EXTENT
POSSIBLE, UNIFORMITY IN THE OPERATION OF SUCH DEDUCTIBLES  WITH  RESPECT
TO THE TRIGGERING EVENT.
  THE  SUPERINTENDENT  SHALL  PROMULGATE  SUCH  REGULATIONS BY EMERGENCY
ADOPTION OR OTHERWISE, WITHIN ONE HUNDRED EIGHTY DAYS OF  THE  EFFECTIVE
DATE  OF THE CHAPTER OF THE LAWS OF TWO THOUSAND ELEVEN WHICH ADDED THIS
SUBSECTION. NOTWITHSTANDING PARAGRAPH SEVEN OF SUBSECTION (A) OF SECTION
THREE THOUSAND FOUR HUNDRED TWENTY-FIVE OF THIS ARTICLE, ANY CHANGES  IN
A  HOMEOWNER'S  INSURANCE  POLICY  OR DWELLING, FIRE, OR PERSONAL POLICY

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04265-01-1

co-Sponsors

multi-Sponsors

2011-A3283A (ACTIVE) - Details

See Senate Version of this Bill:
S3387
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §3445, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4847
2013-2014: A2729, S2032
2015-2016: A7537, S253
2017-2018: A6665, S2062
2019-2020: A2902, S3324
2021-2022: A950
2023-2024: A2866

2011-A3283A (ACTIVE) - Summary

Provides superintendent of insurance shall establish standards for hurricane windstorm deductibles, creating uniformity in the operation of such deductibles with respect to the triggering event.

2011-A3283A (ACTIVE) - Bill Text download pdf 

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

                                 3283--A

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 24, 2011
                               ___________

Introduced by M. of A. WEISENBERG, SWEENEY, ENGLEBRIGHT, COLTON, MAISEL,
  CASTRO,  COOK,  JAFFEE,  WEPRIN  --  Multi-Sponsored  by  --  M. of A.
  BOYLAND, CONTE, HIKIND, HOOPER, LANCMAN, LATIMER, LOSQUADRO, McKEVITT,
  MURRAY, RAIA, SALADINO, THIELE  --  read  once  and  referred  to  the
  Committee on Insurance -- recommitted to the Committee on Insurance in
  accordance  with Assembly Rule 3, sec. 2 -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT  to amend the insurance law, in relation to homeowners insurance
  deductibles triggers

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

  Section  1.  Section 3445 of the insurance law, as added by chapter 44
of the laws of 1998, is renumbered section 3455 and amended to  read  as
follows:
  S 3455. Windstorm insurance notice; DEDUCTIBLE TRIGGER STANDARDS.  (A)
The superintendent shall by regulation establish disclosure requirements
with  respect to the operation of any deductible in a homeowner's insur-
ance policy or dwelling fire personal lines policy which applies as  the
result  of  a  windstorm. Such regulations shall prescribe the form of a
notice to be provided by an insurer to  an  insured.  The  notice  shall
explain  in  clear  and plain language the amount of the deductible, the
circumstances under which the deductible applies and any  other  matters
which the superintendent, in his or her discretion, shall deem necessary
or appropriate.
  (B)  THE  SUPERINTENDENT  SHALL  BY REGULATION ESTABLISH STANDARDS FOR
HURRICANE WINDSTORM DEDUCTIBLES, WHICH CREATE, TO  THE  GREATEST  EXTENT
POSSIBLE,  UNIFORMITY  IN THE OPERATION OF SUCH DEDUCTIBLES WITH RESPECT
TO THE TRIGGERING EVENT.
  THE SUPERINTENDENT SHALL  PROMULGATE  SUCH  REGULATIONS  BY  EMERGENCY
ADOPTION  OR  OTHERWISE, WITHIN ONE HUNDRED EIGHTY DAYS OF THE EFFECTIVE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04265-02-2

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