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S 5343

  • New York Senate Bill
  • 2025 Regular Session
  • Introduced in Senate
  • Senate
  • Assembly
  • Governor

Provides that payment of interest payment and attorney fees to claimant when payment of a claim is overdue shall be exclusive remedy

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Abstract

Provides that payment of interest penalty and attorney fees to claimant when payment of a claim is overdue shall be exclusive remedy when insurer fails to make timely payment; provides such failure of insurer to make timely payment or issue denial within 30 days after proof of claim has been submitted to insurer shall not preclude such insurer from issuing a denial or asserting a defense after the 30 day period has elapsed.

Bill Sponsors (1)

Leroy Comrie

  • Democratic
  • Senator
  • District 14
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Actions

Feb 20, 2025

Senate

REFERRED TO INSURANCE

  • Referral-Committee
INSURANCE

Bill Text

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