Bill Text: NY A09740 | 2023-2024 | General Assembly | Introduced

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Bill Title: Provides that certain provisions relating to rebating and discrimination regarding insurance contracts shall not prohibit any insurer from providing loss mitigation or loss control programs at no cost or a reduced cost to policyholders.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-04-03 - referred to insurance [A09740 Detail]

Download: New_York-2023-A09740-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          9740

                   IN ASSEMBLY

                                      April 3, 2024
                                       ___________

        Introduced by M. of A. WEPRIN -- read once and referred to the Committee
          on Insurance

        AN  ACT  to  amend  the  insurance  law,  in relation to loss prevention
          programs

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Subsection  (f)  of  section 2324 of the insurance law is
     2  relettered subsection (g) and a new subsection (f) is added to  read  as
     3  follows:
     4    (f)  This  section  shall not prohibit any insurer from providing loss
     5  mitigation or loss control programs at no cost  or  a  reduced  cost  to
     6  policyholders,  pursuant  to  regulations promulgated by the superinten-
     7  dent.
     8    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14957-01-4