Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to insurance |
Apr 18, 2013 |
referred to insurance |
Assembly Bill A6785
2013-2014 Legislative Session
Sponsored By
SKOUFIS
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
co-Sponsors
Joseph Borelli
Michael Montesano
multi-Sponsors
Carmen E. Arroyo
James F. Brennan
Vivian Cook
Dennis H. Gabryszak
2013-A6785 (ACTIVE) - Details
2013-A6785 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6785 2013-2014 Regular Sessions I N A S S E M B L Y April 18, 2013 ___________ Introduced by M. of A. SKOUFIS -- read once and referred to the Commit- tee on Insurance AN ACT to amend the insurance law, in relation to disclosure of the exclusion of buried oil tanks in property/casualty insurance con- tracts 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/CASUALTY INSURANCE CONTRACT AND POLICY STANDARD PROVISIONS FOR THE EXCLUSION OF BURIED OIL TANKS. THE SUPERINTENDENT SHALL BY REGULATION ESTABLISH DISCLOSURE REQUIREMENTS WITH RESPECT TO THE DISCLOSURE IN A HOMEOWNER'S INSURANCE POLICY WHICH APPLIES TO THE EXCLUSION OF BURIED OIL TANKS. SUCH REGULATIONS SHALL PRESCRIBE THE FORM OF A DISCLOSURE TO BE PROVIDED BY AN INSURER TO AN INSURED. SUCH DISCLOSURE NOTICE SHALL EXPLAIN IN CLEAR AND PLAIN LANGUAGE, AND IN PROMINENT, BOLDFACE TYPE AND TWELVE POINT TYPE OR LARGER THAT THE REMOVAL OF BURIED OIL TANKS IS NOT COVERED BY SUCH POLICY. S 2. This act shall take effect on the one hundred twentieth day after it shall have become a law; provided, however, that effective immediate- ly, the addition, amendment and/or repeal of any rule or regulation necessary for the implementation of this act on its effective date are authorized and directed to be made and completed on or before such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10208-01-3
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