STATEMENT TO

 

[First Reprint]

ASSEMBLY, No. 3920

 

with Assembly Floor Amendments

(Proposed by Assemblyman BRAMNICK)

 

ADOPTED: AUGUST 27, 2020


 

      This amendment provides that nothing in the bill shall prevent an insurer from recouping the cost of nonpayment of premiums by a policyholder, provided that any recoupment shall be subject to directions of the commissioner issued pursuant to the bill.