Bill > A2877

Introduced Session

This bill requires insurers who sell flood insurance to provide to certain of their policyholders, who are claimants for damage to the insured property, information relating to claims for damage to their properties. More specifically, the bill stipulates that every insurer selling and advertising flood insurance in this State through the National Flood Insurance Program overseen by the Federal Emergency Management Agency shall provide to each of its flood insurance policyholders who held such policy on October 28, 2012, and is a claimant for damage to the insured property, copies of all reports and documents, including any drafts, redlines, markups, notes, measurements, photographs and written communications related thereto, that have been prepared, collected or taken by any engineer, adjustor or other agent or contractor affiliated with the insurer or any other defendant in a claim dispute, relating to the properties and damage at issue. The date of October 28, 2012, enumerated in the bill, corresponds to the date that Superstorm Sandy struck New Jersey and surrounding areas.

AI Summary

Committee Categories

Bob Auth (R)*,  Greg McGuckin (R)*,  David Wolfe (R)*,  BettyLou DeCroce (R), 

Assembly Financial Institutions and Insurance Hearing (10:00 10/27/2016 Committee Room 16, Fourth Floor) (on 10/27/2016)