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