NY A07523 | 2021-2022 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on May 13 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 May 13 2021 - 25% progression, died in committee
Action: 2022-01-05 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Requires a liability insurer that has an opportunity to settle a claim at or within the policy limits, and refuses to do so, to be liable for any verdict in excess of the insurance policy limits; prohibits the insurer from recovering such excess judgment from the insured.
Title
Requires a liability insurer that has an opportunity to settle a claim at or within the policy limits, and refuses to do so, to be liable for any verdict in excess of the insurance policy limits; prohibits the insurer from recovering such excess judgment from the insured.
Sponsors
Asm. Demond Meeks [D] | Asm. Harry Bronson [D] | Asm. Richard Gottfried [D] | Asm. Jessica Gonzalez-Rojas [D] |
History
Date | Chamber | Action |
---|---|---|
2022-01-05 | Assembly | referred to insurance |
2021-05-13 | Assembly | referred to insurance |