Bill Text: NY A01245 | 2017-2018 | General Assembly | Introduced

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Bill Title: Expands the description of unfair insurance claim settlement practices.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2018-01-03 - referred to insurance [A01245 Detail]

Download: New_York-2017-A01245-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          1245
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    January 11, 2017
                                       ___________
        Introduced  by  M. of A. ZEBROWSKI, ABINANTI -- Multi-Sponsored by -- M.
          of A. MOYA, PERRY -- read once and referred to the Committee on Insur-
          ance
        AN ACT to  amend  the  insurance  law,  in  relation  to  expanding  the
          description of unfair insurance claim settlement practices
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraphs 6 and 7 of subsection (a) of section 2601 of the
     2  insurance law, paragraph 6 as  amended  and  paragraph  7  as  added  by
     3  section  27 of part H of chapter 60 of the laws of 2014, are amended and
     4  two new paragraphs 8 and 9 are added to read as follows:
     5    (6) failing to promptly disclose coverage pursuant to  subsection  (d)
     6  or  subparagraph (A) of paragraph two of subsection (f) of section three
     7  thousand four hundred twenty of this chapter; [or]
     8    (7) submitting reasonably rendered claims to the  independent  dispute
     9  resolution  process  established  under  article  six  of  the financial
    10  services law[.]; or
    11    (8) requiring or requesting that any  individual  or  entity  deny  or
    12  promote  the  denial  of a certain number or percentage of claims during
    13  any given period of time; or
    14    (9) requiring or requesting that any individual or  entity  cancel  or
    15  promote  the  cancellation of a certain number or percentage of policies
    16  during any given period of time.
    17    § 2. This act shall take effect on the  same  date  and  in  the  same
    18  manner  as  section 27 of part H of chapter 60 of the laws of 2014 takes
    19  effect.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04392-01-7