NY S01056 | 2015-2016 | General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 8 2015 - 25% progression, died in committee
Action: 2016-01-06 - REFERRED TO INSURANCE
Pending: Senate Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 8 2015 - 25% progression, died in committee
Action: 2016-01-06 - REFERRED TO INSURANCE
Pending: Senate Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Provides that payment of interest payment and attorney fees to claimant when payment of a claim is overdue shall be exclusive remedy when insurer fails to make timely payment; such failure of insurer to make timely payment or issue denial within 30 days after proof of claim has been submitted to insurer shall not preclude such insurer from issuing a denial or asserting a defense after the 30 day period has elapsed.
Title
Provides that payment of interest payment and attorney fees to claimant when payment of a claim is overdue shall be exclusive remedy when insurer fails to make timely payment; such failure of insurer to make timely payment or issue denial within 30 days after proof of claim has been submitted to insurer shall not preclude such insurer from issuing a denial or asserting a defense after the 30 day period has elapsed.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-06 | Senate | REFERRED TO INSURANCE |
| 2015-01-08 | Senate | REFERRED TO INSURANCE |
