Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to insurance |
Mar 11, 2015 |
referred to insurance |
Senate Bill S4223
2015-2016 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
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
Actions
2015-S4223 (ACTIVE) - Details
2015-S4223 (ACTIVE) - Sponsor Memo
BILL NUMBER:S4223 TITLE OF BILL: An act to amend the insurance law, in relation to establishing a private right of action for unfair claim settlement practices by an insurer PURPOSE: This bill amends the insurance law by establishing a private right of action for consumers who have been affected by unfair claims practices by insurers and also provides for punitive damages where there is a finding of an insurer's willful or knowing violation of section 2601 of the insurance law. The bill would apply to any loss or injury sustained relating to an insurance claim for property damage in an area affected encompassed by executive order declaring a disaster emergency as per section twenty-eight of the Executive Law. SUMMARY OF PROVISIONS: Section 1 would create a private right of action for any unfair claims practices by insurers relative to a disaster emergency as per section twenty-eight of the Executive Law. Section 2 is the effective date.
2015-S4223 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4223 2015-2016 Regular Sessions I N S E N A T E March 11, 2015 ___________ Introduced by Sen. SEWARD -- 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 establishing a private right of action for unfair claim settlement practices by an insurer THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (c) of section 2601 of the insurance law is amended and a new subsection (d) is added to read as follows: (c) If it is found, after notice and an opportunity to be heard, that an insurer has violated this section, each instance of noncompliance with subsection (a) [hereof] OF THIS SECTION may be treated as a sepa- rate violation of this section for purposes of ordering a monetary penalty pursuant to subsection (b) of section one hundred nine of this chapter. A violation of this section shall not be a misdemeanor. (D) WHERE THE GOVERNOR HAS DECLARED A DISASTER EMERGENCY PURSUANT TO SECTION TWENTY-EIGHT OF THE EXECUTIVE LAW, IN ADDITION TO THE RIGHT OF ACTION GRANTED TO THE DEPARTMENT PURSUANT TO THIS SECTION, ANY PERSON WHO HAS SUFFERED LOSS OR INJURY BY REASON OF ANY VIOLATION OF THIS SECTION RELATING TO AN INSURANCE CLAIM FOR PROPERTY DAMAGE IN AN AFFECTED AREA ENCOMPASSED BY THE EXECUTIVE ORDER DECLARING THE DISASTER EMERGENCY MAY BRING AN ACTION IN HIS OR HER OWN NAME AS A PLAINTIFF TO ENJOIN SUCH UNLAWFUL ACT OR PRACTICE AND AN ACTION TO RECOVER HIS OR HER ACTUAL DAMAGES. THE COURT MAY, IN ITS DISCRETION, AWARD PUNITIVE DAMAGES, IF THE COURT FINDS THAT THE DEFENDANT INSURER WILLFULLY OR KNOWINGLY VIOLATED THIS SECTION. THE COURT MAY AWARD REASONABLE ATTOR- NEY'S FEES TO A PREVAILING PLAINTIFF. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD00080-02-5
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