Bill Text: NY S02534 | 2023-2024 | General Assembly | Introduced

New York Senate Bill 2534

Introduced

Bill Title: Prohibits cancellation, non-renewal or conditioning renewal of automobile insurance of a policyholder solely as a result of a dispute or a complaint pending against the insurer.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - REFERRED TO INSURANCE [S02534 Detail]

Download: New_York-2023-S02534-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          2534

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 23, 2023
                                       ___________

        Introduced  by  Sen.  COMRIE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Insurance

        AN ACT to amend the insurance law, in relation to prohibiting an insurer
          from cancelling or refusing to renew or condition its renewal of auto-
          mobile insurance policies in certain cases

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Section  3425 of the insurance law is amended by adding a
     2  new subsection (t) to read as follows:
     3    (t) No insurer shall cancel or refuse to renew  a  policy  covering  a
     4  private passenger automobile, or to condition its renewal upon change of
     5  limits  or elimination of any coverages solely on the basis that a claim
     6  filed by the insured with the insurer is in dispute, or that a complaint
     7  by the insured against the insurer resulting from the disputed claim  is
     8  pending with the department.
     9    § 2. This act shall take effect immediately.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04329-01-3