Assembly Bill A4514

2015-2016 Legislative Session

Requires full disclosure of the amount and duration of assessments in insurance policies

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2015-A4514 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd ยง3102, Ins L
Versions Introduced in Other Legislative Sessions:
2013-2014: A7438
2017-2018: A3251
2019-2020: A4969

2015-A4514 (ACTIVE) - Summary

Requires full disclosure of the amount and duration of assessments in insurance policies.

2015-A4514 (ACTIVE) - Bill Text download pdf 

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

                                  4514

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            February 3, 2015
                               ___________

Introduced  by  M.  of  A.  RAIA, FINCH -- read once and referred to the
  Committee on Insurance

AN ACT to amend the insurance law, in relation to requiring full disclo-
  sure of the amount and duration of assessments in insurance policies

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

  Section  1.  Section  3102 of the insurance law is amended by adding a
new subsection (g) to read as follows:
  (G) EACH INSURANCE POLICY, OR RENEWAL THEREOF, MADE, ISSUED OR  DELIV-
ERED  IN  THIS  STATE  ON A RISK LOCATED OR RESIDENT IN THIS STATE SHALL
IDENTIFY ANY AND ALL ASSESSMENTS MADE PURSUANT TO SUCH POLICY  AS  BEING
ASSESSMENTS, AND SHALL SPECIFY ON ITS DECLARATIONS PAGE:
  (1)  THE  AMOUNT OF THE ASSESSMENT FOR THE IMMEDIATE POLICY PERIOD AND
IN TOTAL;
  (2) THE METHOD BY WHICH THE ASSESSMENT IS CALCULATED;
  (3) THE TOTAL YEARS FOR WHICH THE ASSESSMENT IS LEVIED; AND
  (4) THE NUMBER OF YEARS REMAINING DURING WHICH THE ASSESSMENT SHALL BE
LEVIED.
  S 2. This act shall take effect on the first of January next  succeed-
ing the date on which it shall have become a law.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07174-01-5

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.