Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 05, 2010 |
referred to insurance |
Senate Bill S7380
2009-2010 Legislative Session
Sponsored By
(D, WF) 46th Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-S7380 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A11286
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §§2122, 1101 & 2117, Ins L
- Versions Introduced in 2011-2012 Legislative Session:
-
A3831
2009-S7380 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7380 TITLE OF BILL : An act to amend the insurance law, in relation to removing the requirement for advertisements referring to an insurer to include the insurer's full name and principal office and making technical corrections related thereto PURPOSE OR GENERAL IDEA OF BILL : The bill would amend the insurance law by deleting the requirement for advertisements referring to an insurer to include the insurer's full name and principle office. SUMMARY OF PROVISIONS : Section 1 of the bill deletes the requirement in Section 2122(b) of the Insurance Law for agents and brokers to display the insurer's full name and the name of the city, town or village of its principal office in advertisements that refer to an insurer. Section 2 is the effective date. JUSTIFICATION :
2009-S7380 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7380 I N S E N A T E April 5, 2010 ___________ Introduced by Sen. BRESLIN -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT to amend the insurance law, in relation to removing the require- ment for advertisements referring to an insurer to include the insur- er's full name and principal office and making technical corrections related thereto THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2122 of the insurance law is amended to read as follows: S 2122. Advertising by insurance agents and brokers. (a) [(1)] No insurance agent or insurance broker shall make or issue in this state any advertisement, sign, pamphlet, circular, card or other public announcement purporting to make known the financial condition of any insurer, unless the same shall conform to the requirements of section one thousand three hundred thirteen of this chapter. [(2)] (B) No insurance agent, insurance broker or other person, shall, by any advertisement or public announcement in this state, call atten- tion to any unauthorized insurer or insurers. [(b) Every agent of any insurer and every insurance broker shall, in all advertisements, public announcements, signs, pamphlets, circulars and cards, which refer to an insurer, set forth therein the name in full of the insurer referred to and the name of the city, town or village in which it has its principal office in the United States.] S 2. Paragraph 5 of subsection (b) of section 1101 of the insurance law, as added by chapter 597 of the laws of 1999, is amended to read as follows: (5) Notwithstanding the foregoing, an unauthorized insurer, which (A) is affiliated with an insurer licensed in this state, and (B) has satis- fied all applicable requirements for placements by excess line brokers as set forth in section two thousand one hundred eighteen of this chap- ter, may provide from an office within the state, services to support its insurance business. Such services shall not be deemed under this chapter as doing an insurance business in this state. For the purposes EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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