A03187 Summary:
| BILL NO | A03187 |
| SAME AS | No Same As |
| SPONSOR | Zebrowski |
| COSPNSR | |
| MLTSPNSR | |
| Amd §2601, Ins L | |
| Expands the description of unfair insurance claim settlement practices. | |
A03187 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 3187 2023-2024 Regular Sessions IN ASSEMBLY February 2, 2023 ___________ Introduced by M. of A. ZEBROWSKI -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to expanding the description of unfair insurance claim settlement practices The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraphs 7 and 8 of subsection (a) of section 2601 of the 2 insurance law, paragraph 7 as amended and paragraph 8 as added by chap- 3 ter 458 of the laws of 2018, are amended and two new paragraphs 9 and 10 4 are added to read as follows: 5 (7) submitting reasonably rendered claims to the independent dispute 6 resolution process established under article six of the financial 7 services law; [or] 8 (8) artificially deflating or otherwise lowering cost data used for 9 adjusted claims, or using cost data that is not appropriate for the 10 region of the state where the loss occurred; this shall include but is 11 not limited to claims adjusted by a person issued a temporary permit 12 pursuant to subsection (n) of section two thousand one hundred eight of 13 this chapter[.]; 14 (9) requiring or requesting that any individual or entity deny or 15 promote the denial of a certain number or percentage of claims during 16 any given period of time; or 17 (10) requiring or requesting that any individual or entity cancel or 18 promote the cancellation of a certain number or percentage of policies 19 during any given period of time. 20 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD07515-01-3