Senate Bill S5582

2013-2014 Legislative Session

Relates to property/casualty insurer report cards

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

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2013-S5582 (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Add §399, Ins L
Versions Introduced in Other Legislative Sessions:
2015-2016: S2371, S5211
2017-2018: S2803
2019-2020: S3527
2021-2022: S4057

2013-S5582 (ACTIVE) - Summary

Relates to property/casualty insurer report cards.

2013-S5582 (ACTIVE) - Sponsor Memo

2013-S5582 (ACTIVE) - Bill Text download pdf

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

                                  5582

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 22, 2013
                               ___________

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  property/casualty
  insurer report cards

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The insurance law is amended by adding a new section 339 to
read as follows:
  S 399. PROPERTY/CASUALTY INSURER REPORT CARDS. (A) IF AT  ANY  TIME  A
LOCAL  STATE OF EMERGENCY IS DECLARED PURSUANT TO SECTION TWENTY-FOUR OF
THE EXECUTIVE LAW, THE GOVERNOR DECLARES A DISASTER  EMERGENCY  PURSUANT
TO  SECTION TWENTY-EIGHT OF THE EXECUTIVE LAW, OR THE PRESIDENT ISSUES A
MAJOR DISASTER OR EMERGENCY DECLARATION  PURSUANT TO THE ROBERT T. STAF-
FORD DISASTER RELIEF AND EMERGENCY ASSISTANCE  ACT  (P.L.  93-288),  THE
SUPERINTENDENT SHALL PREPARE A REPORT CARD CONTAINING INFORMATION ON HOW
EACH  INSURER  LICENSED  TO WRITE PERSONAL LINES INSURANCE OR COMMERCIAL
LINES INSURANCE POLICIES THAT COVER LOSS OF OR DAMAGE TO REAL  PROPERTY,
PERSONAL  PROPERTY,  OR OTHER LIABILITIES FOR LOSS OR DAMAGE TO PROPERTY
RESPONDED TO THE EMERGENCY OR DISASTER.
  (B) NO LATER THAN TWENTY DAYS FOLLOWING THE DECLARATION OF THE  DISAS-
TER  OR  EMERGENCY, THE SUPERINTENDENT SHALL POST THE REPORT CARD ON THE
DEPARTMENT'S WEBSITE. THE REPORT CARD SHALL ALSO BE AVAILABLE IN WRITING
UPON REQUEST.
  (C) THE SUPERINTENDENT SHALL UPDATE THE REPORT CARD EVERY  SEVEN  DAYS
FOR  AT  LEAST  SIX  MONTHS FOLLOWING THE DECLARATION OF THE DISASTER OR
EMERGENCY, OR UNTIL THE SUPERINTENDENT DETERMINES THAT SUCH REPORT  CARD
IS  NO LONGER NECESSARY. SUCH REPORT CARD SHALL BE IN THE AGGREGATE. THE
UPDATED VERSION SHALL BE POSTED ON THE DEPARTMENT'S WEBSITE AND SHALL BE
MADE AVAILABLE IN WRITING UPON REQUEST.
  (D) INSURERS SPECIFIED IN SUBSECTION (A) OF THIS SECTION SHALL PROVIDE
THE SUPERINTENDENT WITH ALL INFORMATION NECESSARY FOR THE SUPERINTENDENT

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11124-02-3
              

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