Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 20, 2015 |
vetoed memo.263 |
Nov 10, 2015 |
delivered to governor |
Jun 16, 2015 |
returned to senate passed assembly ordered to third reading rules cal.368 substituted for a6663 |
Jun 16, 2015 |
substituted by s4599 |
Jun 15, 2015 |
ordered to third reading rules cal.368 rules report cal.368 reported |
Jun 11, 2015 |
reported referred to rules |
Mar 30, 2015 |
referred to insurance |
Assembly Bill A6663
Vetoed By Governor2015-2016 Legislative Session
Sponsored By
MCDONALD
Archive: Last Bill Status Via S4599 - 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
co-Sponsors
Steven Otis
Patricia Fahy
multi-Sponsors
William A. Barclay
Vivian Cook
Erik Dilan
Robert Oaks
2015-A6663 (ACTIVE) - Details
- See Senate Version of this Bill:
- S4599
- Law Section:
- Insurance Law
- Laws Affected:
- Amd ยง6109, Ins L
2015-A6663 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 4599 A. 6663 2015-2016 Regular Sessions S E N A T E - A S S E M B L Y March 30, 2015 ___________ IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print- ed, and when printed to be committed to the Committee on Insurance IN ASSEMBLY -- Introduced by M. of A. McDONALD -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to authorizing the super- intendent of financial services to suspend crediting of underwriting earnings for a fiscal year for the purposes of accumulating a subscriber's operating reserve THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 3 of subsection a of section 6109 of the insur- ance law, as amended by chapter 138 of the laws of 1987, is amended to read as follows: (3) Notwithstanding the foregoing, the superintendent may, upon appli- cation from the attorney-in-fact, approve other methods for accumulating such subscriber's operating reserve, INCLUDING FOR MUNICIPAL RECIPROCAL INSURERS, THE SUSPENSION OF CREDITING OF UNDERWRITING EARNINGS FOR A FISCAL YEAR SO LONG AS THOSE SAME AMOUNTS ARE RETURNED DIRECTLY TO MUNICIPAL SUBSCRIBERS IN THE YEAR IMMEDIATELY FOLLOWING THE FISCAL YEAR FOR WHICH SAID UNDERWRITING EARNINGS WERE GENERATED AND FOR WHICH SUSPENSION OF FUNDING OF THE OPERATING RESERVE WAS AUTHORIZED BY THE SUPERINTENDENT. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10161-01-5
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