Bill A2729-2013

Makes provisions with respect to notices of homeowners deductibles triggers for hurricane windstorms

Provides superintendent of insurance shall establish standards for hurricane windstorm deductibles, creating uniformity in the operation of such deductibles with respect to the triggering event.



  • Apr 24, 2014: advanced to third reading cal.556
  • Apr 8, 2014: reported
  • Jan 22, 2014: committed to insurance
  • Jan 8, 2014: ordered to third reading cal.157
  • Jan 8, 2014: DIED IN SENATE
  • Jun 4, 2013: delivered to senate
  • Jun 4, 2013: passed assembly
  • May 2, 2013: advanced to third reading cal.247
  • Apr 30, 2013: reported
  • Jan 17, 2013: referred to insurance


STATE OF NEW YORK ________________________________________________________________________ 2729 2013-2014 Regular Sessions IN ASSEMBLY January 17, 2013 ___________
Introduced by M. of A. WEISENBERG, SWEENEY, MAISEL, JAFFEE, ENGLEBRIGHT, CASTRO, WEPRIN, COLTON, COOK -- Multi-Sponsored by -- M. of A. BOYLAND, HIKIND, HOOPER, LOSQUADRO, McKEVITT, RAIA, SALADINO, THIELE -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to homeowners insurance deductibles triggers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 3445 of the insurance law, as added by chapter 44 of the laws of 1998, is renumbered section 3455 and amended to read as follows: S 3455. Windstorm insurance notice; DEDUCTIBLE TRIGGER STANDARDS. (A) The superintendent shall by regulation establish disclosure requirements with respect to the operation of any deductible in a homeowner's insur- ance policy or dwelling fire personal lines policy which applies as the result of a windstorm. Such regulations shall prescribe the form of a notice to be provided by an insurer to an insured. The notice shall explain in clear and plain language the amount of the deductible, the circumstances under which the deductible applies and any other matters which the superintendent, in his or her discretion, shall deem necessary or appropriate. (B) THE SUPERINTENDENT SHALL BY REGULATION ESTABLISH STANDARDS FOR HURRICANE WINDSTORM DEDUCTIBLES, WHICH CREATE, TO THE GREATEST EXTENT POSSIBLE, UNIFORMITY IN THE OPERATION OF SUCH DEDUCTIBLES WITH RESPECT TO THE TRIGGERING EVENT. THE SUPERINTENDENT SHALL PROMULGATE SUCH REGULATIONS BY EMERGENCY ADOPTION OR OTHERWISE, WITHIN ONE HUNDRED EIGHTY DAYS OF THE EFFECTIVE DATE OF THE CHAPTER OF THE LAWS OF TWO THOUSAND THIRTEEN WHICH ADDED THIS SUBSECTION. NOTWITHSTANDING PARAGRAPH SEVEN OF SUBSECTION (A) OF SECTION THREE THOUSAND FOUR HUNDRED TWENTY-FIVE OF THIS ARTICLE, ANY CHANGES IN A HOMEOWNER'S INSURANCE POLICY OR DWELLING, FIRE, OR PERSONAL
POLICY REGISTERED AS A RESULT OF THE ADOPTION BY THE SUPERINTENDENT OF REGULATIONS UNDER THIS SECTION, MAY BE APPLIED TO SUCH POLICIES ON THE POLICY'S INITIAL RENEWAL DATE OR THE POLICY'S NEXT ANNUAL RENEWAL AFTER THE EFFECTIVE DATE OF SUCH REGULATIONS. S 2. This act shall take effect on the ninetieth day after it shall have become a law, and shall apply to all policies issued or renewed on or after the one hundred eightieth day after the adoption of the regu- lations required in section 3455 of the insurance law, as amended by this act.


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