Bill > S05359

This bill amends the New York Insurance Law to modify the timeline for insurers to provide written notice when disclaiming liability or denying coverage for certain revived legal claims. Specifically, for civil claims that have been revived under section 214-g of the Civil Practice Law and Rules (which likely refers to previously time-barred claims that can now be brought forward), insurers must provide written notice of their disclaimer or denial to the insured within 120 days after receiving actual notice of the revived claim. This changes the existing requirement that insurers provide notice "as soon as is reasonably possible" for liability disclaimers related to motor vehicle or other accidents. The bill provides clear guidance on the timeframe for insurers to respond to these specific types of revived legal actions, offering more predictability in the insurance claims process. The amendment takes effect immediately and applies to all insurance policies entered into on or before the date of enactment.

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https://www.nysenate.gov/legislation/bills/2025/S5359