Senate Bill S3479

2019-2020 Legislative Session

Provides for the disclosure of the exclusion of buried oil tanks in property/casualty insurance contracts

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Insurance 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

2019-S3479 (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Add §3407-b, Ins L
Versions Introduced in Other Legislative Sessions:
2013-2014: S5598
2015-2016: S1711
2017-2018: S379

2019-S3479 (ACTIVE) - Summary

Provides for the disclosure of the exclusion of buried oil tanks in property/casualty insurance contracts in at least twelve point, boldface type.

2019-S3479 (ACTIVE) - Sponsor Memo

2019-S3479 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3479
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             February 7, 2019
                                ___________
 
 Introduced  by Sen. CARLUCCI -- read twice and ordered printed, and when
   printed to be committed to the Committee on Insurance
 
 AN ACT to amend the insurance law, in  relation  to  disclosure  of  the
   exclusion of buried oil tanks in property/casualty insurance contracts
 
   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/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.
   § 2. This act shall take effect on the one hundred twentieth day after
 it shall have become a law.  Effective immediately the addition,  amend-
 ment and/or repeal of any rule or regulation necessary for the implemen-
 tation  of  this act on its effective date are authorized to be made and
 completed on or before such date.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD06235-01-9

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.