Bill Text: NY A07455 | 2013-2014 | General Assembly | Introduced

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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

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                           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