New York State Assembly

Bill No.:  

 
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S01454 Summary:

BILL NO	S01454
SAME AS	SAME AS A00453
SPONSOR	GOLDEN
COSPNSR
MLTSPNSR
Relates to directing an examination by the superintendent of financial services concerning the treatment of concurrent causation provisions in homeowners insurance contracts for coverage of sewer backup.

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S01454 Actions:

BILL NO	S01454
01/12/2015	REFERRED TO INSURANCE
05/27/2015	COMMITTEE DISCHARGED AND COMMITTED TO RULES
05/27/2015	ORDERED TO THIRD READING CAL.968
05/28/2015	SUBSTITUTED BY A453
	A00453 AMEND= Cymbrowitz
	01/07/2015	referred to insurance
	03/19/2015	reported referred to ways and means
	05/04/2015	reported
	05/07/2015	advanced to third reading cal.284
	05/12/2015	passed assembly
	05/12/2015	delivered to senate
	05/12/2015	REFERRED TO INSURANCE
	05/28/2015	SUBSTITUTED FOR S1454
	05/28/2015	PASSED SENATE
	05/28/2015	RETURNED TO ASSEMBLY
	10/29/2015	delivered to governor
	10/29/2015	signed chap.410

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S01454 Memo:

Memo not available

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S01454 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          1454
 
                               2015-2016 Regular Sessions
 
                    IN SENATE
 
                                    January 12, 2015
                                       ___________
 
        Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Insurance
 
        AN ACT directing the superintendent of financial services to examine and
          make recommendations regarding concurrent  causation  in  relation  to
          sewer backup insurance coverage
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. The superintendent of financial services is hereby directed
     2  to examine and make recommendations concerning the treatment of  concur-
     3  rent  causation  in  relation to homeowners insurance coverage for sewer
     4  backup. Such study shall specifically include, among  other  issues,  an
     5  analysis  of  the  potential  premium impact and potential impact on the
     6  availability of sewer backup insurance coverage of prohibiting anti-con-
     7  current causation clauses from applying relative to such  coverage.  The
     8  superintendent of financial services shall submit a report to the gover-
     9  nor  and  the legislature, on or before January 1, 2017, of findings and
    10  recommendations.
    11    § 2. This act shall take effect immediately.
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
        S                                                          LBD00673-01-5

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