New York Reforms Late Notice Law

New York Amends Late Notice Law.

For policies issued or delivered in New York on or after January 19, 2009 the Insurance Company must prove Material Prejudice caused by late notice. key provisions based on recent literature include:

Applies to all policies except "claims made policies.

Claims cannot be denied based on late notice unless the insurance company suffered material prejudice.

Burden is on the insurance company to prove prejudice for claims where notice was late by less than two years.