Extends provisions of the property/casualty insurance availability act and the authority of the New York property insurance underwriting association.
This bill amends the insurance law to extend certain provisions of the property/casualty insurance availability act and the authority of the New York property insurance underwriting association. It modifies sections 2342, 2305, 2344, 3425, and 5412 of the insurance law, adjusting the effective dates and conditions for certain insurance policies and rates. The changes include the cessation of certain provisions on specific dates and the continuation of the underwriting association for servicing existing policies and obligations.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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