New Insurance Disclosure Law: Changes Soon, Confusion Now
What Happened:On December 31st, Governor Hochul signed the “Comprehensive Insurance Disclosure Act" (CIDA) on the condition that the legislature would swiftly pass several changes to the bill, referred to as “chapter amendments." The bill as signed requires, among other things, defendants in a lawsuit to automatically disclose all insurance information, including the policy application, within 60 days of answering for new actions and by March 31, 2022 for all pending actions. The chapter amendments agreed upon by Governor Hochul and the legislative leaders would exempt the policy application from automatic disclosure. These amendments are expected to be passed soon, but at the time of writing…