Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 22, 2014 |
committed to insurance |
Jan 08, 2014 |
ordered to third reading cal.270 returned to assembly died in senate |
Jun 04, 2013 |
referred to insurance delivered to senate passed assembly |
May 31, 2013 |
advanced to third reading cal.471 |
May 29, 2013 |
reported |
May 23, 2013 |
reported referred to codes |
Mar 06, 2013 |
referred to insurance |
Assembly Bill A5780
2013-2014 Legislative Session
Sponsored By
WEINSTEIN
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
Matthew Titone
Harvey Weisenberg
Thomas Abinanti
David Weprin
multi-Sponsors
Rhoda Jacobs
N. Nick Perry
2013-A5780 (ACTIVE) - Details
2013-A5780 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5780 2013-2014 Regular Sessions I N A S S E M B L Y March 6, 2013 ___________ Introduced by M. of A. WEINSTEIN -- read once and referred 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. Section 2601 of the insurance law, paragraphs 4 and 5 of subsection (a) as amended by chapter 547 of the laws of 1997 and para- graph 6 of subsection (a) as amended by chapter 388 of the laws of 2008, is amended to read as follows: S 2601. Unfair claim settlement practices; penalties. (a) No insurer doing business in this state shall engage in unfair claim settlement practices. Any of the following acts by an insurer, if committed without just cause and performed with such frequency as to indicate a general business practice, shall constitute unfair claim settlement practices: (1) knowingly misrepresenting to claimants pertinent facts or policy provisions relating to coverages at issue; (2) failing to acknowledge with reasonable promptness pertinent commu- nications as to claims arising under its policies; (3) failing to adopt and implement reasonable standards for the prompt investigation of claims arising under its policies; (4) not attempting in good faith to effectuate prompt, fair and equi- table settlements of claims submitted in which liability has become reasonably clear, except where there is a reasonable basis supported by specific information available for review by the department that the claimant has caused the loss to occur by arson. After receiving a prop- erly executed proof of loss, the insurer shall advise the claimant of acceptance or denial of the claim within thirty working days; (5) compelling policyholders to institute suits to recover amounts due under its policies by offering substantially less than the amounts ulti- mately recovered in suits brought by them; [or] EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09116-01-3
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