Bill Text: NY A07455 | 2013-2014 | General Assembly | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Provides that when a flood event not covered under a policy or specifically excluded is a contributing factor in or occurs simultaneously as a covered event or peril, the insurer shall not deny or exclude coverage for the loss or damage caused by the covered event or peril.
Spectrum: Moderate Partisan Bill (Democrat 9-2)
Status: (Engrossed - Dead) 2014-05-15 - advanced to third reading cal.695 [A07455 Detail]
Download: New_York-2013-A07455-Introduced.html
Bill Title: Provides that when a flood event not covered under a policy or specifically excluded is a contributing factor in or occurs simultaneously as a covered event or peril, the insurer shall not deny or exclude coverage for the loss or damage caused by the covered event or peril.
Spectrum: Moderate Partisan Bill (Democrat 9-2)
Status: (Engrossed - Dead) 2014-05-15 - advanced to third reading cal.695 [A07455 Detail]
Download: New_York-2013-A07455-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 7455 2013-2014 Regular Sessions I N A S S E M B L Y May 17, 2013 ___________ Introduced by M. of A. GOLDFEDER -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to anti-concurrent causa- tion clauses 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 3455 2 to read as follows: 3 S 3455. ANTI-CONCURRENT CAUSATION CLAUSES. AN INSURER SHALL NOT DENY 4 OR EXCLUDE COVERAGE FOR ANY CLAIM FOR LOSS OR DAMAGE THAT WOULD OTHER- 5 WISE BE COVERED BY A POLICY SOLELY BECAUSE AN EVENT OR PERIL NOT COVERED 6 UNDER THE POLICY OR SPECIFICALLY EXCLUDED UNDER THE POLICY WAS A 7 CONTRIBUTING FACTOR IN SUCH LOSS OR DAMAGE OR OCCURRED SIMULTANEOUSLY 8 WITH THE EVENT OR PERIL THAT WAS COVERED. 9 S 2. This act shall take effect immediately and shall apply to claims 10 made on or after such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11120-01-3