NY A01119 | 2023-2024 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on January 13 2023 - 25% progression
Action: 2024-01-03 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 13 2023 - 25% progression
Action: 2024-01-03 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Provides that an insurer doing business in this state shall be liable to a policy holder for such insurer's refusal to pay or unreasonable delay of payment to the policy holder if such refusal or delay was not substantially justified; enumerates instances whereby an insurer's refusal or delay of payment is not substantially justified including intentional negligence, failure to act in good faith, failure to provide written denial of claim, failure to make final determination of claim within six months, and failure to promptly proceed with the appraisal process.
Title
Provides that an insurer doing business in this state shall be liable to a policy holder for such insurer's refusal to pay or unreasonable delay of payment to the policy holder if such refusal or delay was not substantially justified; enumerates instances whereby an insurer's refusal or delay of payment is not substantially justified including intentional negligence, failure to act in good faith, failure to provide written denial of claim, failure to make final determination of claim within six months, and failure to promptly proceed with the appraisal process.
Sponsors
Asm. Rodneyse Bichotte Hermelyn [D] | Asm. Vivian Cook [D] | Asm. William Colton [D] | Asm. Aileen Gunther [D] |
Asm. Rebecca Seawright [D] | Asm. Linda Rosenthal [D] | Asm. Kenneth Zebrowski [D] | Asm. Philip Ramos [D] |
History
Date | Chamber | Action |
---|---|---|
2024-01-03 | Assembly | referred to insurance |
2023-01-13 | Assembly | referred to insurance |
Same As/Similar To
S02487 (Same As) 2024-01-03 - REFERRED TO INSURANCE