New York S 5359: Relates to notice of disclaimer of liability for certain revived claims or causes of action

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S05359 Summary:

BILL NOS05359 

&nbsp

SAME ASSAME AS A07418

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SPONSORCOMRIE

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COSPNSR

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MLTSPNSR

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Amd §3420, Ins L

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Relates to notice of disclaimer of liability for certain revived causes of action; provides such notice shall occur within 120 days after the insurer has received actual notice of such revived claim or cause of action.

Go to top S05359 Actions:

BILL NOS05359 

&nbsp

02/20/2025REFERRED TO INSURANCE

01/07/2026REFERRED TO INSURANCE

Go to topS05359 Committee&nbspVotes:

Go to topS05359 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS05359 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5359

 2025-2026 Regular Sessions

 IN SENATE

 February 20, 2025
 ___________

 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 notice of disclaimer
 of liability for certain revived causes of action

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

 1 Section 1. Paragraph 2 of subsection (d) of section 3420 of the insur-
 2 ance law, as amended by chapter 388 of the laws of 2008, is amended to
 3 read as follows:
 4 (2) If under a liability policy issued or delivered in this state, an
 5 insurer shall disclaim liability or deny coverage for death or bodily
 6 injury arising out of a motor vehicle accident or any other type of
 7 accident occurring within this state, it shall give written notice as
 8 soon as is reasonably possible of such disclaimer of liability or denial
 9 of coverage to the insured and the injured person or any other claimant.
 10 Provided, however, that with regard to any civil claim or cause of
 11 action revived pursuant to section two hundred fourteen-g of the civil
 12 practice law and rules, an insurer shall give written notice of a
 13 disclaimer of liability or denial of insurance coverage for such revived
 14 claim or cause of action to the insured within one hundred twenty days
 15 after the insurer has received actual notice of such revived civil claim
 16 or cause of action.
 17 § 2. This act shall take effect immediately and shall apply to all
 18 policies entered into on or before such date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09484-01-5

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