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Bill > S07052


NY S07052

NY S07052
Enacts the comprehensive insurance disclosure act to require that all parties provide notice and proof of the existence and contents of any insurance agreement, including coverage amounts, under which any person or entity may be liable to satisfy part or all of a judgment within sixty days of serving an answer in an action.


summary

Introduced
05/26/2021
In Committee
06/10/2021
Crossed Over
06/10/2021
Passed
12/20/2021
Dead
Signed/Enacted/Adopted
12/31/2021

Introduced Session

2021-2022 General Assembly

Bill Summary

Enacts the comprehensive insurance disclosure act to require that all parties provide notice and proof of the existence and contents of any insurance agreement, including coverage amounts, under which any person or entity may be liable to satisfy part or all of a judgment within sixty days of serving an answer in an action.

AI Summary

This bill enacts the Comprehensive Insurance Disclosure Act, which requires that all parties (defendants, third-party defendants, or defendants on a cross-claim or counter-claim) in a legal action provide notice and proof of the existence and contents of any insurance agreement, including coverage amounts, under which any person or entity may be liable to satisfy part or all of a judgment within 60 days of serving an answer. The bill also includes provisions for ongoing obligations to update this information, certifications of accuracy, and application to all pending actions.

Committee Categories

Budget and Finance, Justice

Sponsors (1)

Last Action

APPROVAL MEMO.169 (on 12/31/2021)

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