339 - Report on gap insurance. - New York Statutes

§ 339. Report on gap insurance. No later than May first, nineteen hundred ninety-six, the superintendent shall furnish to the governor and each house of the legislature a report providing an assessment of the market availability of gap insurance, as defined and authorized by section one thousand one hundred thirteen of this chapter, which shall contain, but not be limited to, the following: (a) a list of insurers licensed to provide gap insurance, such insurers that are making this coverage available to consumers, delineated by type of gap insurance, including a summarized listing of cost comparisons and the market share such insurers of gap insurance represent; (b) a summary of any consumer, agent and insurer complaints made to the department regarding gap insurance; and (c) general recommendations, if appropriate, for further statutory or administrative changes designed to increase the availability of gap insurance and provide increased consumer protection.