A03770 Summary:
| BILL NO | A03770 |
| SAME AS | No Same As |
| SPONSOR | Weprin |
| COSPNSR | |
| MLTSPNSR | |
| Amd §2324, Ins L | |
| Provides that certain provisions relating to rebating and discrimination regarding insurance contracts shall not prohibit any insurer from providing loss mitigation or loss control programs at no cost or a reduced cost to policyholders. | |
A03770 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 3770 2025-2026 Regular Sessions IN ASSEMBLY January 30, 2025 ___________ Introduced by M. of A. WEPRIN -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to loss prevention programs The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (f) of section 2324 of the insurance law is 2 relettered subsection (g) and a new subsection (f) is added to read as 3 follows: 4 (f) This section shall not prohibit any insurer from providing loss 5 mitigation or loss control programs at no cost or a reduced cost to 6 policyholders, pursuant to regulations promulgated by the superinten- 7 dent. 8 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD07817-01-5