Bill Text: NY A03531 | 2011-2012 | General Assembly | Introduced


Bill Title: Prohibits imposing homeowners insurance rates premiums based on prior claims by an insured related to a different parcel of real property.

Spectrum: Partisan Bill (Democrat 20-1)

Status: (Introduced - Dead) 2012-09-04 - enacting clause stricken [A03531 Detail]

Download: New_York-2011-A03531-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         3531
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 25, 2011
                                      ___________
       Introduced  by  M.  of  A.  P. RIVERA,  RAMOS, MAISEL, COLTON, ROBINSON,
         ZEBROWSKI, HOOPER -- Multi-Sponsored by -- M.  of  A.  ARROYO,  CLARK,
         COOK, GUNTHER, HIKIND, JACOBS, ORTIZ, PERRY, PHEFFER, RAIA, J. RIVERA,
         N. RIVERA,  TOWNS, WEISENBERG -- read once and referred to the Commit-
         tee on Insurance
       AN ACT to amend the insurance law, in relation to prohibiting the  impo-
         sition  of  residential  homeowners  insurance premiums based on prior
         claims made upon another parcel of real property
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The insurance law is amended by adding a new section 2346-b
    2  to read as follows:
    3    S  2346-B.  PROHIBITION OF IMPOSITION OF HOMEOWNERS INSURANCE PREMIUMS
    4  BASED ON PRIOR CLAIMS ON ANOTHER PARCEL OF  REAL  PROPERTY.  NO  INSURER
    5  AUTHORIZED  TO  TRANSACT  OR  TRANSACTING  BUSINESS  IN  THIS  STATE, OR
    6  CONTROLLING OR CONTROLLED BY OR UNDER  COMMON  CONTROL  BY  OR  WITH  AN
    7  INSURER  AUTHORIZED  TO  TRANSACT OR TRANSACTING BUSINESS IN THIS STATE,
    8  WHICH SELLS A POLICY PROVIDING HOMEOWNERS INSURANCE ON A PARCEL OF RESI-
    9  DENTIAL REAL PROPERTY IN THIS STATE SHALL BASE THE  POLICY  PREMIUM  FOR
   10  SUCH  INSURANCE,  UPON ANY PRIOR HOMEOWNERS INSURANCE CLAIM OR CLAIMS BY
   11  THE INSURED RELATED TO ANY OTHER  RESIDENTIAL  REAL  PROPERTY  OWNED  OR
   12  PREVIOUSLY OWNED BY SUCH INSURED.
   13    S  2.  This  act  shall  take  effect  on  the first of September next
   14  succeeding the date on which it shall have become a law and shall  apply
   15  to policies issued, renewed or amended on or after such date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00423-01-1
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