Insurance Law 3429-A — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 3429 Geographical location of risks; fire, fire and extended coverage policies; private passenger automobile insurance policies up ARTICLE 34 Insurance Contracts-property/casualty next SECTION 3430 Right of insured, agent or broker aggrieved on basis of geographical location of property or risks Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 3429-A Geographical location of risks in area serviced by a volunteer fire department; fire, fire and extended coverage policies Insurance (ISC) CHAPTER 28, ARTICLE 34 § 3429-a. Geographical location of risks in area serviced by a volunteer fire department; fire, fire and extended coverage policies. (a) No insurer shall refuse to issue or renew or shall cancel a homeowner's insurance policy including fire insurance or fire and extended coverage insurance based solely on the insured residing in an area that is serviced by a volunteer fire department. Such prohibition shall not preclude an insurer from refusing to issue or renew or from canceling such policies based on sound underwriting and actuarial principles reasonably related to actual or anticipated loss experience subject to the applicable provisions of section three thousand four hundred twenty-five of this article. (b) The superintendent shall by regulation establish procedures with respect to notification to insureds of the insurer's specific reason or reasons for refusal to issue or renew or for cancellation of such policy.