Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 29, 2014 |
vetoed memo.586 |
Dec 17, 2014 |
delivered to governor |
Jun 19, 2014 |
returned to senate passed assembly ordered to third reading rules cal.511 substituted for a10062 |
Jun 18, 2014 |
referred to insurance delivered to assembly passed senate ordered to third reading cal.1501 committee discharged and committed to rules |
Jun 02, 2014 |
referred to insurance |
Senate Bill S7706
Vetoed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - 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
2013-S7706 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10062
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §§2131 & 3449, Ins L
2013-S7706 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7706 TITLE OF BILL: An act to amend the insurance law, in relation to insurance on wireless communications equipment PURPOSE OR GENERAL IDEA OF BILL: To require additional wireless communications equipment insurance policy disclosures under section 2131 of the Insurance Law, to ensure that wireless communications equipment coverage products are subject to the consumer protections and financial security provided for in this Chapter and inherent in an insurance construct, to update the definition of wireless communications equipment to reflect significant evolution of the portable electronics market, and to make a technical amendment. SUMMARY OF SPECIFIC PROVISIONS: Section one amends section 2131 of the insurance law to better ensure that consumers receive all relevant wireless communications equipment insurance policy information, specifically by adding a new premium and compensation disclosure requirement to the section 2131 set of disclosures designed specifically for such policies. Section two amends section 2131 of the insurance law to expand the definition of wireless communications equipment insurance policies to cover all entities offering coverage essentially identical to the products that are currently covered by section 2131.
2013-S7706 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7706 I N S E N A T E June 2, 2014 ___________ 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 insurance on wireless communications equipment THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 2 of subsection (d) of section 2131 of the insur- ance law, as amended by chapter 368 of the laws of 2010, is amended to read as follows: (2) with respect to wireless communications equipment vendors, insur- ance issued to cover the loss, theft, mechanical failure, or malfunction of, or damage to, wireless communications equipment offered as either an individual policy issued to the consumer or as a group policy under which certificates or other evidence of coverage are issued to individ- ual consumers who enroll in the program, OR ANY ARRANGEMENT THAT SEEKS TO PROVIDE SUBSTANTIALLY SIMILAR BENEFITS THROUGH OTHER MEANS INCLUDING ARRANGEMENTS THAT CONFER BENEFITS UPON CONSUMERS THAT PURCHASE, INCLUD- ING INSTALLMENT SALE PURCHASES, OR LEASE WIRELESS COMMUNICATIONS EQUIP- MENT OR WIRELESS SERVICES, REGARDLESS OF WHETHER THE BENEFITS ARE PROVIDED DIRECTLY OR INDIRECTLY TO THE CONSUMER, WHERE THE BENEFITS INCLUDE THE REPAIR OR REPLACEMENT OF THE COVERED DEVICE, THE PROVISION OF A LOANER OR RENTAL DEVICE, OR THE PAYMENT OF INDEMNIFICATION IN THE EVENT OF A LOSS OF A COVERED DEVICE, AND WHERE THE BENEFITS ARE EXPRESS- LY OR IMPLIEDLY CONDITIONED ON THE HAPPENING OF SOME FORTUITOUS EVENT SUCH AS THE LOSS, THEFT OR PHYSICAL DAMAGE OF THE COVERED DEVICE, OR IS STRUCTURED AS A REMEDY IN THE EVENT OF SUCH PERILS WITHOUT EXPRESSLY STATING THOSE PERILS AS A CONDITION OF COVERAGE, provided however, that said insurance shall not extend to wireless services or service contracts governed by article seventy-nine of this chapter; or S 2. Subparagraphs (F) and (G) of paragraph 2 of subsection (e) of section 2131 of the insurance law, as amended by chapter 368 of the laws of 2010, are amended and a new subparagraph (H) is added to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15460-01-4
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