A00332
Type: B Origin: Assembly New York Comments: 0

Enacts The "Construction Insurance Transparency Act" To Require Insurers Providing Coverage For Liability Under The Scaffold Law To Report, On An Annual Basis, To The Superintendent Of Financial Services Relating To Its Finances And Claims Paid Thereunder

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The bill, known as the "Construction Insurance Transparency Act," mandates insurers offering liability coverage under the scaffold law to annually report their financial information and claims paid to the superintendent of financial services. This measure aims to enhance transparency in construction insurance operations and ensure accountability in managing claims related to the scaffold law.

Bill Activity

  • 2023-01-04: referred to insurance

  • 2024-01-03: referred to insurance

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