New York State Assembly

 
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A05379 Summary:

A05379 Actions:

A05379 Committee Votes:

Committee:INSURANCE   Chair:Cahill      
DATE:03/17/2021AYE/NAY:25/0  Action: Favorable         
Cahill
Aye
Blankenbush
Aye
Cook
Aye
Hawley
Aye
Pretlow
Aye
Byrne
Aye
Rivera
Aye
Schmitt
Aye
Cymbrowitz
Aye
Palmesano
Aye
Lavine
Aye
DiPietro
Aye
Steck
Aye
Gandolfo
Aye
Dilan
Aye
Hunter
Aye
Niou
Aye
Rosenthal
Aye
Stern
Aye
McDonald
Aye
Jacobson
Aye
Williams
Aye
Meeks
Aye
Forrest
Aye
Anderson
Aye

A05379 Floor Votes:

A05379 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5379
 
                               2021-2022 Regular Sessions
 
                   IN ASSEMBLY
 
                                    February 16, 2021
                                       ___________
 
        Introduced by M. of A. HUNTER -- read once and referred to the Committee
          on Insurance
 
        AN ACT to amend the insurance law, in relation to providing for a policy
          term of less than one year in certain situations
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subparagraphs (C) and (D) of paragraph 2 of subsection  (d)
     2  of  section  3426 of the insurance law, as amended by chapter 235 of the
     3  laws of 1989, are amended and a new subparagraph (E) is added to read as
     4  follows:
     5    (C) a new policy where the specific term is made to coincide with  the
     6  term of an insured's already existing policy with the same insurer, with
     7  any  insurer  at  the  insured's  written  request or, in the case of an
     8  excess liability policy, with different insurers; [or]
     9    (D) a group property/casualty policy or certificates, policies  issued
    10  pursuant  to  a safety group or mass merchandising program, or a medical
    11  malpractice or for-hire vehicle policy whose expiration date  is  common
    12  to  all  other policies issued by an insurer; in any of which events the
    13  first policy period may be for a period  of  less  than  one  year  with
    14  subsequent renewals requiring at least a one year policy period, and any
    15  such  policies  issued  since  the effective date of this section may be
    16  amended to conform to a common expiration date[.]; or
    17    (E) where an insured requests a policy with a term of  less  than  one
    18  year from an insurer that offers such policies.
    19    §  2.  This  act shall take effect on the thirtieth day after it shall
    20  have become a law.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08787-01-1