Do you support this bill?

Senate Bill S6834

2009-2010 Legislative Session

Relates to limiting fees charged for the issuance of a certificate of additional insureds

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Insurance Committee

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

2009-S6834 (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Add ยง342, Ins L

2009-S6834 (ACTIVE) - Summary

Authorizes the superintendent to limit fees charged by insurance companies for the issuance of a certificate of additional insureds.

2009-S6834 (ACTIVE) - Sponsor Memo

2009-S6834 (ACTIVE) - Bill Text download pdf 

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

                                  6834

                            I N  S E N A T E

                            February 12, 2010
                               ___________

Introduced  by  Sen. BONACIC -- 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 limiting fees  charged
  for the issuance of a certificate of additional insureds

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

  Section 1. The insurance law is amended by adding a new section 342 to
read as follows:
  S 342. FEES FOR ISSUANCE OF CERTIFICATES OF ADDITIONAL INSUREDS.   THE
SUPERINTENDENT  IS  AUTHORIZED  TO LIMIT FEES CHARGEABLE BY AN INSURANCE
COMPANY  OR  AGENTS  THEREOF  FOR  ISSUING  CERTIFICATES  OF  ADDITIONAL
INSUREDS. SUCH COSTS SHALL BE RATIONALLY RELATED TO THE COST OF CREATING
SUCH  CERTIFICATE  AND ANY SPECIAL COSTS, TO BE DETERMINED BY THE SUPER-
INTENDENT, FOR THE PARTICULAR PARTY NAMED AS THE ADDITIONAL INSURED.
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15509-01-0

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.