New York A07418 amends insurance law to require insurers to notify insured parties within 120 days of revived claims.

New York A07418 amends the insurance law to mandate that insurers provide written notice within 120 days of receiving actual notice of a revived civil claim or cause of action. This applies specifically to claims revived under section two hundred fourteen-g of the civil practice law and rules. Insurers must also notify the insured and any injured parties or claimants as soon as reasonably possible for other types of claims. The changes apply immediately to all policies entered into before the effective date of the act.

New York A07418 amends insurance law to require insurers to notify insured parties within 120 days of revived claims.

New York A07418 amends the insurance law to mandate that insurers provide written notice within 120 days of receiving actual notice of a revived civil claim or cause of action. This applies specifically to claims revived under section two hundred fourteen-g of the civil practice law and rules. Insurers must also notify the insured and any injured parties or claimants as soon as reasonably possible for other types of claims. The changes apply immediately to all policies entered into before the effective date of the act.