Bill Text: NY A05085 | 2009-2010 | General Assembly | Introduced

New York Assembly Bill 5085 (Prior Session Legislation)

Introduced

Bill Title: An act to amend the insurance law, in relation to providing loss information with renewals of commercial line insurance

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-06 - referred to insurance [A05085 Detail]

Download: New_York-2009-A05085-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5085
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 10, 2009
                                      ___________
       Introduced by M. of A. V. LOPEZ -- read once and referred to the Commit-
         tee on Insurance
       AN  ACT to amend the insurance law, in relation to providing loss infor-
         mation with renewals of commercial line insurance
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Subsection  (g)  of  section 3426 of the insurance law is
    2  amended by adding a new paragraph 5 to read as follows:
    3    (5) IN THE CASE OF AN INSURER WRITING A LIVERY VEHICLE INSURANCE POLI-
    4  CY, AS DEFINED IN SECTION ONE HUNDRED TWENTY-ONE-E OF  THE  VEHICLE  AND
    5  TRAFFIC  LAW, THE INSURER SHALL PROVIDE LOSS INFORMATION CONSISTENT WITH
    6  PARAGRAPH TWO OF THIS SUBSECTION WITH  EVERY  RENEWAL  AND  ONE  HUNDRED
    7  EIGHTY DAYS AFTER SUCH RENEWAL.
    8    S  2.  This  act shall take effect on the ninetieth day after it shall
    9  have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08422-01-9