Senate Bill S7674

2009-2010 Legislative Session

Permits unauthorized foreign or alien insurers to contact nonresident persons, firms, associations or corporations to make insurance contracts

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

2009-S7674 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd ยงยง1101 & 2117, Ins L
Versions Introduced in 2011-2012 Legislative Session:
S3665

2009-S7674 (ACTIVE) - Summary

Permits unauthorized foreign or alien insurers to contact nonresident persons, firms, associations or corporations to make insurance contracts.

2009-S7674 (ACTIVE) - Sponsor Memo

2009-S7674 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7674

                            I N  S E N A T E

                             April 30, 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  permitting  unauthor-
  ized  foreign or alien insurers to contact nonresident persons, firms,
  associations or corporations to make insurance contracts

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subsection  (b)  of  section 1101 of the insurance law is
amended by adding a new paragraph 6 to read as follows:
  (6) NOTWITHSTANDING THE FOREGOING, A PERSON, AS DEFINED IN SECTION ONE
THOUSAND FIVE HUNDRED ONE OF THIS CHAPTER, ON BEHALF OF AN  UNAUTHORIZED
FOREIGN  OR  ALIEN  INSURER  DULY  LICENSED  TO TRANSACT THE BUSINESS OF
INSURANCE BY THE LAWS OF ITS  DOMICILE  MAY,  FROM  WITHIN  THIS  STATE,
CONTACT  ANY  PERSON, FIRM, ASSOCIATION OR CORPORATION NOT A RESIDENT OF
THIS STATE FOR THE PURPOSE OF PROPOSING TO MAKE ANY  INSURANCE  CONTRACT
OR  TO SOLICIT APPLICATIONS OR PERFORM SERVICES FOR ANY SUCH POLICIES OR
CONTRACTS WITH RESPECT TO PERSONS OR RISKS NOT RESIDENT  OR  LOCATED  IN
THIS  STATE,  PROVIDED  THAT  SUCH PERSON IS IN THE SAME HOLDING COMPANY
SYSTEM WITH A  DOMESTIC  INSURER  AND  THE  AFOREMENTIONED  UNAUTHORIZED
FOREIGN OR ALIEN INSURER. SUCH ACTIVITIES SHALL NOT BE DEEMED UNDER THIS
CHAPTER AS DOING AN INSURANCE BUSINESS IN THIS STATE AND SUCH PERSON MAY
MAINTAIN  AN OFFICE IN THIS STATE UNDER ITS OWN NAME, AND EMPLOY PERSONS
WITHIN THIS STATE, IN FURTHERANCE OF SUCH ACTIVITIES. FOR  THE  PURPOSES
OF  THIS  SECTION,  PERMITTED  SERVICES INCLUDE, BUT ARE NOT LIMITED TO,
UNDERWRITING, NEGOTIATING CONTRACT TERMS, QUOTING  PREMIUMS,  COLLECTING
OF PREMIUMS, AND CLAIMS HANDLING.
  S  2.  Section  2117  of  the insurance law is amended by adding a new
subsection (j) to read as follows:
  (J) NOTWITHSTANDING ANYTHING IN THIS CHAPTER, A PERSON, AS DEFINED  IN
SECTION  ONE  THOUSAND FIVE HUNDRED ONE OF THIS CHAPTER, ON BEHALF OF AN
UNAUTHORIZED FOREIGN OR ALIEN INSURER  DULY  LICENSED  TO  TRANSACT  THE
BUSINESS  OF INSURANCE BY THE LAWS OF ITS DOMICILE MAY, FROM WITHIN THIS
STATE, CONTACT ANY PERSON, FIRM, ASSOCIATION OR CORPORATION NOT A  RESI-
DENT  OF  THIS  STATE FOR THE PURPOSE OF PROPOSING TO MAKE ANY INSURANCE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.