Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2014 |
referred to insurance |
Feb 07, 2013 |
referred to insurance |
Assembly Bill A4699
2013-2014 Legislative Session
Sponsored By
MALLIOTAKIS
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
Alec Brook-Krasny
Joseph Borelli
Joseph Saladino
Brian F. Curran
multi-Sponsors
Nelson Castro
David McDonough
2013-A4699 (ACTIVE) - Details
2013-A4699 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4699 2013-2014 Regular Sessions I N A S S E M B L Y February 7, 2013 ___________ Introduced by M. of A. MALLIOTAKIS -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to unfair claim settle- ments after a natural disaster THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2601 of the insurance law, paragraphs 4 and 5 of subsection (a) as amended by chapter 547 of the laws of 1997, and para- graph 6 of subsection (a) as amended by chapter 388 of the laws of 2008, is amended to read as follows: S 2601. Unfair claim settlement practices; penalties. (a) No insurer doing business in this state shall engage in unfair claim settlement practices. Any of the following acts by an insurer, if committed without just cause and performed with such frequency as to indicate a general business practice, shall constitute unfair claim settlement practices, PROVIDED, HOWEVER, THAT IN THE EVENT THE GOVERNOR HAS PURSUANT TO SECTION TWENTY-NINE-A OF THE EXECUTIVE LAW SUSPENDED ANY STATUTE IN THIS CHAPTER AS A RESULT OF A STATE DISASTER EMERGENCY, SUCH ACT SHALL CONSTITUTE AN UNFAIR CLAIM SETTLEMENT PRACTICE WITHOUT RESPECT TO WHETH- ER SUCH ACT WAS INDICATIVE OF A GENERAL BUSINESS PRACTICE: (1) knowingly misrepresenting to claimants pertinent facts or policy provisions relating to coverages at issue; (2) failing to acknowledge with reasonable promptness pertinent commu- nications as to claims arising under its policies; (3) failing to adopt and implement reasonable standards for the prompt investigation of claims arising under its policies; (4) not attempting in good faith to effectuate prompt, fair and equi- table settlements of claims submitted in which liability has become reasonably clear, except where there is a reasonable basis supported by specific information available for review by the department that the claimant has caused the loss to occur by arson. After receiving a prop- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08241-01-3
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