What's happening
This bill requires out-of-state insurance adjusters handling New York emergency property claims to use established in-state appraisal rates.
Why it matters
Ensures consistency in insurance claim settlements. by mandating that out-of-state adjusters use the same appraisal rates as New York-based adjusters, which can prevent undervaluation or overvaluation of property damages during emergencies.
Protects local homeowners and businesses. from potential discrepancies or unfair practices that might arise if adjusters from outside the state use unfamiliar or lower-cost regional data when evaluating damages.
Supports transparency and fairness. in the aftermath of disasters by holding all insurance adjusters—regardless of origin—to the same pricing standards, helping to streamline the claims process and reduce disputes about appropriate compensation.
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Who cares
Headline styles
Stop Adjuster Rate Underpayments
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Substituted by S1196
- Advanced to third reading cal.57
- Reported
- Reported referred to codes
- Referred to insurance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Stop Adjuster Cost Manipulation
Signed by Governor · Sponsor Neil D. Breslin
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1916
2019-2020 Regular Sessions
IN ASSEMBLY
January 18, 2019
Introduced by M. of A. PERRY -- read once and referred to the Committee on Insurance
AN ACT to amend the insurance law, in relation to requiring out-of-state insurance adjusters employed to appraise in-state property damages arising from emergency situations to employ established rates used for appraisal by in-state insurance adjusters
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subsection (n) of section 2108 of the insurance law, as amended by a chapter of the laws of 2018 amending the insurance law relating to requiring out-of-state insurance adjusters employed to appraise in-state property damages arising from emergency situations to employ established rates used for appraisal by in-state insurance adjusters, as proposed in legislative bills numbers S. 2746 and A. 808, is amended to read as follows:
(n) Notwithstanding the provisions of this section, the superintendent, in order to facilitate the settlement of claims under insurance contracts involving widespread property losses arising out of a conflagration or catastrophe common to all such losses, may issue a temporary permit for a term not exceeding one hundred twenty days to any person, whether he be a resident of this state or a non-resident, to act as an independent adjuster on behalf of an authorized insurer or insurers, provided any such insurer shall execute and file in the office of the superintendent a written application for the permit in the form prescribed by the superintendent, which application shall contain such information as he may require and shall certify that the person named therein to be designated in the temporary permit is qualified by experience and training to adjust claims arising under insurance contracts issued by any insurer [and that such person shall adjust claims using cost data appropriate for the region of the state where such person is adjusting claims]. The superintendent may in his discretion renew such
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07030-01-9
A. 1916 2
permit for an additional term or terms as may be necessary to adjust such claims. [A person issued a temporary permit pursuant to this subsection shall utilize cost data that is appropriate for the region of the state where such person is adjusting claims.]
§ 2. This act shall take effect on the same date and in the same manner as a chapter of the laws of 2018 amending the insurance law relating to requiring out-of-state insurance adjusters employed to appraise in-state property damages arising from emergency situations to employ established rates used for appraisal by in-state insurance adjusters, as proposed in legislative bills numbers S. 2746 and A. 808, takes effect.
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.