S5343 (2025-26 session)
NY State bill
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.
- Title
- Provides that payment of interest payment and attorney fees to claimant when payment of a claim is overdue shall be exclusive remedy
- Type
- New York State Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Insurance
- Introduced
- 2025-02-20
- Law section
- Insurance Law
Sponsors
- Leroy Comrie State Senator, District 14
Heard in committee
- Insurance NY State Senate committee