NY A02540 | 2021-2022 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 9-0)
Status: Introduced on January 19 2021 - 25% progression, died in committee
Action: 2022-01-05 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 19 2021 - 25% progression, died in committee
Action: 2022-01-05 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Provides that a liability insurer may be sued for and the plaintiff may recover compensatory damages where the insurer failed to effectuate prompt and fair settlement of the claim and considered its interests to the detriment of the insured so as to cause the rendering of a judgment in excess of the policy limits.
Title
Provides that a liability insurer may be sued for and the plaintiff may recover compensatory damages where the insurer failed to effectuate prompt and fair settlement of the claim and considered its interests to the detriment of the insured so as to cause the rendering of a judgment in excess of the policy limits.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-05 | Assembly | referred to insurance |
| 2021-01-19 | Assembly | referred to insurance |
Same As/Similar To
S03551 (Same As) 2022-01-05 - REFERRED TO INSURANCE
