Senate Bill S2891

2013-2014 Legislative Session

Permits insurers to make available multiple rating programs for commercial insurance within the same company

download bill text pdf

Sponsored By

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

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

2013-S2891 (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd ยง2352, Ins L
Versions Introduced in Other Legislative Sessions:
2011-2012: S6454
2015-2016: S1057

2013-S2891 (ACTIVE) - Summary

Permits insurers to make available multiple rating programs for commercial insurance within the same company.

2013-S2891 (ACTIVE) - Sponsor Memo

2013-S2891 (ACTIVE) - Bill Text download pdf

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

                                  2891

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 24, 2013
                               ___________

Introduced  by  Sen.  SEWARD -- 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 insurers to
  make available multiple rating programs for commercial insurance with-
  in the same company

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

  Section  1. Section 2352 of the insurance law, as added by chapter 457
of the laws of 2011, is amended to read as follows:
  S 2352. Multiple rating programs. (a) Subject to the  superintendent's
prior  approval,  an  insurer may establish more than one rating program
within the same company for policies of insurance that  are  subject  to
section  three  thousand four hundred twenty-five OR SECTION THREE THOU-
SAND FOUR HUNDRED TWENTY-SIX of this chapter; provided that:
  (1) each rating program shall apply only to policies newly written  on
or  after  the  effective  date  of  the rating program but prior to the
effective date of any subsequently  approved  rating  program;  provided
however  if  an  insurer  terminates  a rating program, then the insurer
shall renew the policies that were  subject  to  the  terminated  rating
program in a subsequently approved rating program.
  (2)  the  provisions  of subsection (f) of section three thousand four
hundred twenty-five and subsection (b) of  section  two  thousand  three
hundred  forty-nine  of  this  chapter  shall  be applied to each rating
program TO WHICH THEY ARE APPLICABLE separately.
  (b) The superintendent may promulgate rules and regulations to  imple-
ment the provisions of this section.
  S  2.  This  act shall take effect on the ninetieth day after it shall
have become a law.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06651-01-3


              

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.