What's happening
This bill requires insurers to notify homeowners that filing a claim may impact premiums, policy coverage, or renewal eligibility.
Why it matters
Gives homeowners clear, up-front information. about the potential consequences of filing a claim, helping them make more informed decisions before submitting minor or questionable claims that could affect their insurance costs or coverage options.
Promotes transparency and accountability among insurers. by legally requiring them to communicate policy risks that are often buried in fine print or not discussed until after a claim is made.
May influence homeowner behavior. by making people think twice before filing small claims, potentially reducing the number of claims and affecting the dynamics of the insurance market (such as claim frequency and premium adjustments).
Could help prevent surprises and financial hardship. for homeowners who might otherwise lose coverage or face steep premium increases without prior warning, supporting greater consumer protection.
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Who cares
Headline styles
Notify Homeowners on Claims Impact
Plain English, a few words. Used as the page title.
Sponsors
3 Co-sponsors
History
- Enacting clause stricken
- Referred to insurance
- Referred to insurance
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
2572
2017-2018 Regular Sessions
IN ASSEMBLY
January 20, 2017
Introduced by M. of A. PAULIN, BENEDETTO, COLTON, HOOPER -- Multi-Sponsored by -- M. of A. CAHILL, COOK, DINOWITZ, GUNTHER, HIKIND, PERRY, RIVERA, WRIGHT -- read once and referred to the Committee on Insurance
AN ACT to amend the insurance law, in relation to notice to insureds upon filing of a claim under a homeowners' insurance policy
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The insurance law is amended by adding a new section 3421 to read as follows:
§ 3421. Notice to insured; homeowners' insurance claims. Upon the issuance or renewal of a homeowners' insurance policy, the insurer shall include in the policy or in the policy renewal the following notice to the insured stating, in plain, easy to read, bold faced type, the following:
"IMPORTANT NOTICE TO INSURED
Each claim made against a homeowners' insurance policy may adversely affect your premium or may condition your policy renewal upon change of limits or elimination of coverages, or may affect the ability to renew your insurance policy."
§ 2. This act shall take effect on the ninetieth day after it shall have become a law and shall apply to all policies issued or renewed on and after such effective date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06297-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.