A05154 Summary:

BILL NOA05154
 
SAME ASNo Same As
 
SPONSORMontesano
 
COSPNSRMiller B, Morinello, Giglio JM, McDonough
 
MLTSPNSR
 
Add §3444-a, Ins L
 
Requires insurers to display certain underwriting information on the declarations page to their homeowners and dwelling fire personal lines policies.
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A05154 Actions:

BILL NOA05154
 
02/11/2021referred to insurance
01/05/2022referred to insurance
05/04/2022held for consideration in insurance
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A05154 Committee Votes:

INSURANCE Chair:Cahill DATE:05/04/2022AYE/NAY:17/7 Action: Held for Consideration
CahillAyeBlankenbushNay
CookAyeHawleyNay
PretlowAyeByrneNay
RiveraAyeSchmittNay
CymbrowitzAyePalmesanoNay
LavineAyeDiPietroNay
SteckExcusedGandolfoNay
DilanAye
HunterAye
NiouAye
RosenthalAye
SternAye
McDonaldAye
JacobsonAye
WilliamsAye
MeeksAye
ForrestAye
AndersonAye

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A05154 Floor Votes:

There are no votes for this bill in this legislative session.
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A05154 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5154
 
                               2021-2022 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 11, 2021
                                       ___________
 
        Introduced  by  M.  of A. MONTESANO, B. MILLER, MORINELLO, J. M. GIGLIO,
          McDONOUGH -- read once and referred to the Committee on Insurance
 
        AN ACT to amend the insurance law,  in  relation  to  the  provision  of
          underwriting information
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. The insurance law is amended by adding a new section 3444-a
     2  to read as follows:
     3    § 3444-a. Underwriting information. 1. Insurers shall display  on  the
     4  declarations  page  to their homeowners and dwelling fire personal lines
     5  insureds all pertinent  underwriting  information  used  to  derive  the
     6  premium  for  such  policy, including, but not limited to, the estimated
     7  square footage of the property to be insured, its  primary  construction
     8  material,  distance  from nearest fire hydrant (if applicable), the fire
     9  district or fire protection district in which the  property  is  located
    10  and  whether  a credit score was used in determining the premium and, if
    11  so, the actual score and where such score  lies  on  the  scale  of  the
    12  company or entity which provided the score.
    13    2.  The information required by this section shall be displayed on the
    14  declarations page of all new homeowners and dwelling fire personal lines
    15  policies and all renewal homeowners and dwelling fire policies.
    16    § 2. This act shall take effect on the one hundred eightieth day after
    17  it shall have become a law.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08615-01-1
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