Bill Text: NY S02810 | 2017-2018 | General Assembly | Introduced
Bill Title: Relates to anti-concurrent causation clauses; prohibits an insurer from denying or excluding coverage for any claim for loss or damage that would otherwise be covered by a policy solely because an event or peril not covered under the policy or specifically excluded under the policy was a contributing factor in such loss or damage or occurred simultaneously with the event or peril that was covered.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2018-01-03 - REFERRED TO INSURANCE [S02810 Detail]
Download: New_York-2017-S02810-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 2810 2017-2018 Regular Sessions IN SENATE January 17, 2017 ___________ Introduced by Sen. SEWARD -- 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 anti-concurrent causa- tion clauses The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The insurance law is amended by adding a new section 3455 2 to read as follows: 3 § 3455. Anti-concurrent causation clauses. An insurer shall not deny 4 or exclude coverage for any claim for loss or damage that would other- 5 wise be covered by a policy solely because an event or peril not covered 6 under the policy or specifically excluded under the policy was a 7 contributing factor in such loss or damage or occurred simultaneously 8 with the event or peril that was covered. 9 § 2. This act shall take effect immediately and shall apply to claims 10 made on or after such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03944-02-7
