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A05072 Summary:

BILL NOA05072
 
SAME ASNo Same As
 
SPONSORMontesano
 
COSPNSRMcDonough
 
MLTSPNSR
 
Amd §2305, Ins L
 
Relates to rate filings for homeowner's insurance policies.
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A05072 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5072
 
                               2021-2022 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 10, 2021
                                       ___________
 
        Introduced by M. of A. MONTESANO, McDONOUGH -- read once and referred to
          the Committee on Insurance
 
        AN ACT to amend the insurance law, in relation to rate filings for home-
          owner's insurance policies
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraphs 12 and 13 of subsection (b) of section  2305  of
     2  the  insurance law, as amended by section 9 of part AAA of chapter 59 of
     3  the laws of 2017, are amended and a new paragraph 14 is added to read as
     4  follows:
     5    (12) gap insurance; [and]
     6    (13) private passenger automobile insurance,  except  as  provided  in
     7  section two thousand three hundred fifty of this article[,];and
     8    (14)  homeowner's  insurance policies and subsequent calculations used
     9  to determine the increased value of  dwelling  limits  for  purposes  of
    10  determining dwelling protection coverage.
    11    §  2.  This  act shall take effect on the ninetieth day after it shall
    12  have become a law.
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08559-01-1
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