Assembly Bill A6864

2017-2018 Legislative Session

Requires the removal from an insured's record of claims any claim paid for lost property which was not lost and the insured reimbursed the insurer for the claim

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

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2017-A6864 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add §3407-b, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A5336
2011-2012: A4601
2013-2014: A5526
2015-2016: A6290
2019-2020: A5804

2017-A6864 (ACTIVE) - Summary

Requires the removal from an insured's record of claims any claim made in good faith and paid for lost property which was not lost and the insured reimbursed the insurer for the claim after the lost property is found.

2017-A6864 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6864
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 22, 2017
                                ___________
 
 Introduced  by M. of A. ENGLEBRIGHT, COLTON, GUNTHER, CAHILL, ZEBROWSKI,
   WEPRIN -- Multi-Sponsored by -- M. of A. ABINANTI, RIVERA,  TITONE  --
   read once and referred to the Committee on Insurance
 
 AN  ACT to amend the insurance law, in relation to requiring insurers of
   property to eliminate from the claims record of an insured, any  claim
   of  loss  made and paid in good faith, which is discovered to be false
   and the proceeds of such claim are repaid to the insurer
 
   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:
   §  3407-B.  PROPERTY INSURANCE; CLAIM OF LOSS. THE GOOD FAITH CLAIM OF
 THE LOSS OF ANY PROPERTY WHICH A PERSON  HAS  INSURED  AGAINST  LOSS  OR
 DAMAGE  UNDER  ANY  CONTRACT  OF  INSURANCE, ISSUED OR DELIVERED IN THIS
 STATE OR COVERING PROPERTY LOCATED IN THIS STATE, SHALL BE REMOVED  FROM
 THE  RECORD  OF  CLAIMS  MADE BY THE INSURED, FOR ALL PURPOSES, WHEN THE
 INSURED SUBSEQUENTLY FINDS THAT SUCH PROPERTY WAS NOT LOST AND REPAYS TO
 THE INSURER ALL MONEY, IF ANY, PAID PURSUANT TO SUCH CLAIM.
   § 2. This act shall take effect immediately and shall apply to  claims
 made on or after such effective date.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03705-01-7

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