S T A T E O F N E W Y O R K
2013-2014 Regular Sessions
I N S E N A T E
May 17, 2013
Introduced by Sen. LIBOUS -- 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 wireless communi-
cations equipment insurance policies
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subsection (e) of section 3449 of the insurance law, as
added by chapter 426 of the laws of 2005, is amended to read as follows:
(e) The superintendent may promulgate regulations regarding policies
of wireless communications equipment insurance, including, but not
limited to, regulations governing policy terms and conditions, and may
establish other reasonable limitations; PROVIDED, HOWEVER, THAT THE
PROVISIONS OF PART THIRTY OF TITLE ELEVEN OF THE NEW YORK STATE CODES,
RULES AND REGULATIONS, RELATING TO PRODUCER COMPENSATION TRANSPARENCY,
SHALL NOT APPLY TO SUCH POLICIES.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.