Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to insurance |
Jan 11, 2011 |
referred to insurance |
Assembly Bill A1613
2011-2012 Legislative Session
Sponsored By
SWEENEY
Archive: Last Bill Status - In Assembly 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
co-Sponsors
Audrey Pheffer
Harvey Weisenberg
Steven Englebright
James F. Brennan
multi-Sponsors
Michael Benedetto
William Boyland
Kevin Cahill
Joseph Lentol
2011-A1613 (ACTIVE) - Details
2011-A1613 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1613 2011-2012 Regular Sessions I N A S S E M B L Y January 11, 2011 ___________ Introduced by M. of A. SWEENEY, PHEFFER, WEISENBERG, ENGLEBRIGHT, BREN- NAN, ROBINSON, P. RIVERA, THIELE, TITUS -- Multi-Sponsored by -- M. of A. BENEDETTO, BOYLAND, CAHILL, LENTOL, MAGNARELLI, MAISEL, MARKEY, McENENY, MILLMAN, MORELLE, PERRY, REILLY -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to limiting the scope of an insurer's reduction of insurance coverage by limiting the volume of notices of intention to not renew or condition renewal to four percent of the total number of covered policies of such insurer's rating territory; and in relation to establishing standards for definitions contained within such law; and repealing certain provisions of the insurance law relating thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (C) of paragraph 2 of subsection (o) of section 3425 of the insurance law, as added by chapter 42 of the laws of 1996, is amended to read as follows: (C) The superintendent shall promulgate rules and regulations to establish standards for the definition of "materially reduce its volume of policies" as used in this paragraph. Such definition shall require that a plan be filed with the superintendent if the insurer plans to reduce the net number of homeowners insurance policies as defined in subsection (a) of section twenty-three hundred fifty-one of this chapter WITHIN ANY SUCH INSURER'S RATING TERRITORY IN USE IN THIS STATE by twen- ty percent or more, or plans to reduce the net number of such policies it writes by five hundred, whichever is greater, within a five year period of time; provided, however, that if an insurer is not otherwise required to file a plan pursuant to this subparagraph, a plan shall be filed if the insurer plans to reduce the net number of such policies it has in force in a twelve month period WITHIN ANY SUCH INSURER'S RATING EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02880-01-1
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