Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 17, 2012 |
vetoed memo.187 |
Dec 05, 2012 |
delivered to governor |
Jun 19, 2012 |
returned to senate passed assembly ordered to third reading cal.655 substituted for a9313 |
Jun 19, 2012 |
substituted by s6463 |
May 24, 2012 |
advanced to third reading cal.655 |
May 23, 2012 |
reported |
Feb 16, 2012 |
referred to insurance |
Assembly Bill A9313
Vetoed By Governor2011-2012 Legislative Session
Sponsored By
BRAUNSTEIN
Archive: Last Bill Status Via S6463 - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
2011-A9313 (ACTIVE) - Details
- See Senate Version of this Bill:
- S6463
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §2131, Ins L
2011-A9313 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9313 I N A S S E M B L Y February 16, 2012 ___________ Introduced by M. of A. BRAUNSTEIN -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to disclosures by limited licensees which are wireless communications equipment vendors THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (E) of paragraph 2 of subsection (e) of section 2131 of the insurance law, as amended by chapter 368 of the laws of 2010, is amended to read as follows: (E) the price, deductible, benefits, exclusions and conditions or other limitations of such policies, AND, WITH REGARD TO WIRELESS COMMU- NICATIONS EQUIPMENT POLICIES, DISCLOSE, WHEN A COMMISSION IS PAID TO A RETAIL REPRESENTATIVE, PROVIDED THAT A COMMISSION IS TO BE SO PAID, AND NOTWITHSTANDING ANY OTHER PROVISION OF LAW, RULE OR REGULATION TO THE CONTRARY REGARDING PRODUCER COMPENSATION, THE DISCLOSURES REQUIRED BY THIS SUBPARAGRAPH SHALL BE DEEMED TO BE IN FULL COMPLIANCE WITH ANY SUCH LAW, RULE OR REGULATION; S 2. Section 2131 of the insurance law is amended by adding two new subsections (m) and (n) to read as follows: (M) FOR PURPOSES OF THIS SECTION, WITH RESPECT TO INSURANCE OFFERED AND PROVIDED TO WIRELESS COMMUNICATIONS EQUIPMENT VENDORS, "COMMISSION" SHALL MEAN THE PROVISION BY A WIRELESS COMMUNICATIONS EQUIPMENT VENDOR TO A RETAIL REPRESENTATIVE OF MONETARY REMUNERATION, WHICH IS SOLELY CONTINGENT UPON A CONSUMER'S DECISION TO ENROLL IN A WIRELESS COMMUNI- CATION EQUIPMENT VENDOR INSURANCE POLICY. (N) EXCEPT AS OTHERWISE PROVIDED FOR IN THIS SECTION, THE PROVISIONS OF PART THIRTY OF TITLE ELEVEN OF NEW YORK STATE CODES, RULES AND REGU- LATIONS, AND ANY OTHER LAW, RULE OR REGULATION REGARDING DISCLOSURE OF PRODUCER COMPENSATION SHALL NOT APPLY TO WIRELESS COMMUNICATIONS EQUIP- MENT POLICIES. S 3. This act shall take effect on the thirtieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14507-01-2
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