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New York State Amends Insurance Disclosure Rule

January 11, 2022

Via: JD Supra

On December 31, 2021, New York Governor Kathy Hochul signed the Comprehensive Insurance Disclosure Act (Senate Bill S7052). This new law amends Civil Practice Law and Rules (CPLR) Section 3101(f) to require that within sixty (60) days of serving an answer, all defendants must provide the plaintiff with proof of existence and the contents of any insurance agreement under which any person or entity may be liable to satisfy part or all of a judgment. It takes effect immediately, applies to all pending actions, and places an increased burden on insurance carriers and their defense counsel to provide additional policy materials. Compliance is required and penalties for non-disclosure can be expected.

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