Senate Bill S1454

Signed By Governor
2015-2016 Legislative Session

Relates to directing an examination concerning homeowners insurance coverage for sewer backup

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A453 - Signed by Governor

  • 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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2015-S1454 (ACTIVE) - Details

See Assembly Version of this Bill:
A453
Law Section:
Financial Services
Versions Introduced in 2013-2014 Legislative Session:
S5798, A8580

2015-S1454 (ACTIVE) - Summary

Relates to directing an examination by the superintendent of financial services concerning the treatment of concurrent causation provisions in homeowners insurance contracts for coverage of sewer backup.

2015-S1454 (ACTIVE) - Sponsor Memo

2015-S1454 (ACTIVE) - Bill Text download pdf 

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

                                  1454

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 12, 2015
                               ___________

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

AN ACT directing the superintendent of financial services to examine and
  make recommendations regarding concurrent  causation  in  relation  to
  sewer backup insurance coverage

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

  Section 1. The superintendent of financial services is hereby directed
to examine and make recommendations concerning the treatment of  concur-
rent  causation  in  relation to homeowners insurance coverage for sewer
backup. Such study shall specifically include, among  other  issues,  an
analysis  of  the  potential  premium impact and potential impact on the
availability of sewer backup insurance coverage of prohibiting anti-con-
current causation clauses from applying relative to such  coverage.  The
superintendent of financial services shall submit a report to the gover-
nor  and  the legislature, on or before January 1, 2017, of findings and
recommendations.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
S                                                          LBD00673-01-5

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