Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 15, 2023 |
approval memo.8 signed chap.438 |
Sep 07, 2023 |
delivered to governor |
Jun 08, 2023 |
returned to senate passed assembly ordered to third reading rules cal.704 substituted for a5718b |
Jun 08, 2023 |
substituted by s5959b rules report cal.704 reported |
Jun 07, 2023 |
reported referred to rules |
Jun 05, 2023 |
reference changed to ways and means |
May 31, 2023 |
print number 5718b |
May 31, 2023 |
amend and recommit to insurance |
Apr 11, 2023 |
print number 5718a |
Apr 11, 2023 |
amend and recommit to insurance |
Mar 22, 2023 |
referred to insurance |
Assembly Bill A5718B
Signed By Governor2023-2024 Legislative Session
Sponsored By
KELLES
Current Bill Status Via S5959 - Signed by Governor
- 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
Actions
Votes
Bill Amendments
co-Sponsors
Patricia Fahy
Dana Levenberg
Jessica Gonzalez-Rojas
Juan Ardila
multi-Sponsors
Jo Anne Simon
2023-A5718 - Details
- See Senate Version of this Bill:
- S5959
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §5913, Ins L; amd §§311 & 370, V & T L
2023-A5718 - Summary
Authorizes certain policies issued by a risk retention group not chartered in this state but which is registered with the superintendent of financial services under the federal liability risk retention act of 1986, comprised entirely of organizations to which contributions are eligible for deduction under section 501(c)(3) of the internal revenue code and which qualifies as a charitable risk pool under section 501(n) of the internal revenue code.
2023-A5718 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5718 2023-2024 Regular Sessions I N A S S E M B L Y March 22, 2023 ___________ Introduced by M. of A. KELLES -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law and the vehicle and traffic law, in relation to owner's policies of liability insurance issued by a risk retention group not chartered within this state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5913 of the insurance law, as added by chapter 109 of the laws of 1988, is amended to read as follows: § 5913. Financial responsibility. [Wherever] EXCEPT AS PROVIDED IN SECTION THREE HUNDRED ELEVEN OF THE VEHICLE AND TRAFFIC LAW, WHEREVER pursuant to the laws of this state or any political subdivision of this state a demonstration of financial responsibility is required as a condition for obtaining a license or permit to undertake specified activities, if any such requirement may not be satisfied by obtaining insurance coverage from an insurer not authorized to do business in this state, such requirement may not be satisfied by purchasing insurance from a risk retention group not chartered in this state. § 2. Paragraphs (b) and (c) of subdivision 4 of section 311 of the vehicle and traffic law, paragraph (c) as amended by chapter 200 of the laws of 1974, are amended to read as follows: (b) In the case of a vehicle registered in this state, a policy issued by (I) an insurer duly authorized to transact business in this state OR (II) A RISK RETENTION GROUP NOT CHARTERED IN THIS STATE WITH A MINIMUM OF FIFTEEN MILLION DOLLARS OF SURPLUS AND WHICH EXCLUSIVELY INSURES 501(C)(3) NONPROFIT ORGANIZATIONS THAT ARE REGISTERED IN THIS STATE; or (c) In the case of a vehicle lawfully registered in another state, or in both this state and another state, [either] (I) a policy issued by an authorized insurer, or (II) A RISK RETENTION GROUP NOT CHARTERED IN THIS STATE WITH A MINIMUM OF FIFTEEN MILLION DOLLARS OF SURPLUS AND EXCLU- SIVELY INSURES 501(C)(3) NONPROFIT ORGANIZATIONS THAT ARE REGISTERED IN EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10375-01-3
co-Sponsors
Patricia Fahy
Dana Levenberg
Jessica Gonzalez-Rojas
Juan Ardila
multi-Sponsors
Jo Anne Simon
2023-A5718A - Details
- See Senate Version of this Bill:
- S5959
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §5913, Ins L; amd §§311 & 370, V & T L
2023-A5718A - Summary
Authorizes certain policies issued by a risk retention group not chartered in this state but which is registered with the superintendent of financial services under the federal liability risk retention act of 1986, comprised entirely of organizations to which contributions are eligible for deduction under section 501(c)(3) of the internal revenue code and which qualifies as a charitable risk pool under section 501(n) of the internal revenue code.
2023-A5718A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5718--A 2023-2024 Regular Sessions I N A S S E M B L Y March 22, 2023 ___________ Introduced by M. of A. KELLES, FAHY, LEVENBERG, GONZALEZ-ROJAS, ARDILA, McMAHON, OTIS, BRONSON, LUNSFORD, EPSTEIN, CLARK, SHRESTHA, BURDICK, REYES, CONRAD, SHIMSKY, STIRPE -- Multi-Sponsored by -- M. of A. SIMON -- read once and referred to the Committee on Insurance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the insurance law and the vehicle and traffic law, in relation to owner's policies of liability insurance issued by a risk retention group not chartered within this state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5913 of the insurance law, as added by chapter 109 of the laws of 1988, is amended to read as follows: § 5913. Financial responsibility. [Wherever] EXCEPT AS PROVIDED IN SECTION THREE HUNDRED ELEVEN OF THE VEHICLE AND TRAFFIC LAW, WHEREVER pursuant to the laws of this state or any political subdivision of this state a demonstration of financial responsibility is required as a condition for obtaining a license or permit to undertake specified activities, if any such requirement may not be satisfied by obtaining insurance coverage from an insurer not authorized to do business in this state, such requirement may not be satisfied by purchasing insurance from a risk retention group not chartered in this state. § 2. Paragraphs (b) and (c) of subdivision 4 of section 311 of the vehicle and traffic law, paragraph (c) as amended by chapter 200 of the laws of 1974, are amended to read as follows: (b) In the case of a vehicle registered in this state, a policy issued by (I) an insurer duly authorized to transact business in this state OR (II) A RISK RETENTION GROUP NOT CHARTERED IN THIS STATE BUT WHICH IS REGISTERED WITH THE SUPERINTENDENT UNDER THE FEDERAL LIABILITY RISK RETENTION ACT OF 1986, COMPRISED ENTIRELY OF ORGANIZATIONS TO WHICH CONTRIBUTIONS ARE ELIGIBLE FOR DEDUCTION UNDER SECTION 501(C)(3) OF THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10375-03-3
co-Sponsors
Patricia Fahy
Dana Levenberg
Jessica Gonzalez-Rojas
Juan Ardila
multi-Sponsors
Jo Anne Simon
2023-A5718B (ACTIVE) - Details
- See Senate Version of this Bill:
- S5959
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §5913, Ins L; amd §§311 & 370, V & T L
2023-A5718B (ACTIVE) - Summary
Authorizes certain policies issued by a risk retention group not chartered in this state but which is registered with the superintendent of financial services under the federal liability risk retention act of 1986, comprised entirely of organizations to which contributions are eligible for deduction under section 501(c)(3) of the internal revenue code and which qualifies as a charitable risk pool under section 501(n) of the internal revenue code.
2023-A5718B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5718--B 2023-2024 Regular Sessions I N A S S E M B L Y March 22, 2023 ___________ Introduced by M. of A. KELLES, FAHY, LEVENBERG, GONZALEZ-ROJAS, ARDILA, McMAHON, OTIS, BRONSON, LUNSFORD, EPSTEIN, CLARK, SHRESTHA, BURDICK, REYES, CONRAD, SHIMSKY, STIRPE, JACOBSON, SIMONE, STECK, BURGOS, BORES -- Multi-Sponsored by -- M. of A. SIMON -- read once and referred to the Committee on Insurance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- again reported from said committee with amendments, ordered reprinted as amended and recommitted to said committee AN ACT to amend the insurance law and the vehicle and traffic law, in relation to owner's policies of liability insurance issued by a risk retention group not chartered within this state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5913 of the insurance law, as added by chapter 109 of the laws of 1988, is amended to read as follows: § 5913. Financial responsibility. [Wherever] EXCEPT AS PROVIDED IN SECTIONS THREE HUNDRED ELEVEN AND THREE HUNDRED SEVENTY OF THE VEHICLE AND TRAFFIC LAW, WHEREVER pursuant to the laws of this state or any political subdivision of this state a demonstration of financial respon- sibility is required as a condition for obtaining a license or permit to undertake specified activities, if any such requirement may not be satisfied by obtaining insurance coverage from an insurer not authorized to do business in this state, such requirement may not be satisfied by purchasing insurance from a risk retention group not chartered in this state. EVERY INSURANCE POLICY ISSUED BY A RISK RETENTION GROUP NOT CHARTERED IN THIS STATE PURSUANT TO SECTIONS THREE HUNDRED ELEVEN AND THREE HUNDRED SEVENTY OF THE VEHICLE AND TRAFFIC LAW SHALL CONTAIN THE NOTICE SET FORTH IN SECTION FIVE THOUSAND NINE HUNDRED FIVE OF THIS ARTICLE. § 2. Paragraphs (b) and (c) of subdivision 4 of section 311 of the vehicle and traffic law, paragraph (c) as amended by chapter 200 of the laws of 1974, are amended to read as follows: (b) In the case of a vehicle registered in this state, a policy issued by (I) an insurer duly authorized to transact business in this state OR
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