Bill Text: NY S06464 | 2021-2022 | General Assembly | Introduced

New York Senate Bill 6464 (Prior Session Legislation)

Introduced

Bill Title: Authorizes and directs the department of financial services to conduct a study on the feasibility and impact of requiring homeowners in high-risk flood areas to obtain flood insurance as a condition of obtaining a homeowner's policy; requires a report of the findings and any legislative recommendations to the governor, the temporary president of the senate, the minority leader of the senate, the speaker of the assembly and the minority leader of the assembly.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - REFERRED TO INSURANCE [S06464 Detail]

Download: New_York-2021-S06464-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          6464

                               2021-2022 Regular Sessions

                    IN SENATE

                                     April 29, 2021
                                       ___________

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

        AN ACT directing the department of financial services to conduct a study
          on requiring homeowners in  high-risk  flood  areas  to  obtain  flood
          insurance

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

     1    Section 1. The department of financial services is  hereby  authorized
     2  and directed to conduct a study on the feasibility and impact of requir-
     3  ing  homeowners  in high-risk flood areas to obtain flood insurance as a
     4  condition of obtaining a homeowner's policy.
     5    § 2. The department of financial services may consult with  any  state
     6  or  local office, agency, or department and request information from any
     7  such entity that is relevant and material  to  the  completion  of  this
     8  study and report.
     9    §  3. No later than one year after the effective date of this act, the
    10  department of financial services shall deliver a report of the  findings
    11  of  the  study  conducted  pursuant  to  section one of this act and any
    12  legislative recommendations deemed necessary to the governor, the tempo-
    13  rary president of the senate, the minority leader  of  the  senate,  the
    14  speaker of the assembly and the minority leader of the assembly.
    15    § 4. This act shall take effect immediately.




         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10288-01-1