Senate Bill S253A

2015-2016 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Insurance Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

Bill Amendments

co-Sponsors

2015-S253 - Details

See Assembly Version of this Bill:
A7537
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Ren §3445 to be §3455, amd §3455, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4847
2011-2012: S3387, A3283
2013-2014: S2032, A2729
2017-2018: S2062, A6665
2019-2020: S3324, A2902
2021-2022: A950
2023-2024: A2866

2015-S253 - Summary

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

2015-S253 - Sponsor Memo

2015-S253 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   253

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by Sens. LAVALLE, MARTINS -- read twice and ordered printed,
  and when printed to be committed 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 FIFTEEN 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 REGU-

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

co-Sponsors

2015-S253A (ACTIVE) - Details

See Assembly Version of this Bill:
A7537
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Ren §3445 to be §3455, amd §3455, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4847
2011-2012: S3387, A3283
2013-2014: S2032, A2729
2017-2018: S2062, A6665
2019-2020: S3324, A2902
2021-2022: A950
2023-2024: A2866

2015-S253A (ACTIVE) - Summary

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

2015-S253A (ACTIVE) - Sponsor Memo

2015-S253A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 253--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by  Sens. LAVALLE, AVELLA, MARTINS, RANZENHOFER, VENDITTO --
  read twice and ordered printed, and when printed to  be  committed  to
  the  Committee  on Insurance -- recommitted to the Committee on Insur-
  ance in accordance with Senate Rule 6, sec. 8 -- committee discharged,
  bill amended, ordered reprinted as amended  and  recommitted  to  said
  committee

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 SIXTEEN WHICH ADDED THIS

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

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.