New York State Assembly

Bill No.:  

 
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A09740 Summary:

BILL NO	A09740
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.

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A09740 Actions:

BILL NO	A09740
04/03/2024	referred to insurance

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A09740 Committee Votes:

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A09740 Floor Votes:

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A09740 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          9740
 
                   IN ASSEMBLY
 
                                      April 3, 2024
                                       ___________
 
        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.
                                                                   LBD14957-01-4

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