Do you support this bill?

Assembly Bill A7378

2009-2010 Legislative Session

Requires insurers to recognize any licensed broker or agent retained by an insured for the remainder of a policy

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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-A7378 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add ยง2506, Ins L
Versions Introduced in 2011-2012 Legislative Session:
A1218

2009-A7378 (ACTIVE) - Summary

Requires insurers to recognize any licensed broker or agent retained by an insured for the remainder of a policy and to implement any changes requested by the insured through the broker or agent.

2009-A7378 (ACTIVE) - Bill Text download pdf 

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

                                  7378

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                              April 2, 2009
                               ___________

Introduced  by  M.  of  A. BING, KELLNER, LANCMAN, CASTRO, COOK, JAFFEE,
  REILLY -- Multi-Sponsored by -- M. of A. BARRON,  WEISENBERG  --  read
  once and referred to the Committee on Insurance

AN  ACT to amend the insurance law, in relation to requiring insurers to
  recognize any licensed broker or agent retained by the insured for the
  remainder of a policy

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

  Section  1. This act shall be known and may be cited as the "insurance
consumer free choice act".
  S 2. The insurance law is amended by adding a new section 2506 to read
as follows:
  S 2506. RECOGNITION OF A NEW YORK STATE LICENSED BROKER OR  AGENT.  1.
AN  INSURER  IS REQUIRED TO RECOGNIZE ANY NEW YORK STATE LICENSED BROKER
OR AGENT RETAINED BY THE INSURED FOR THE  PURPOSE  OF  REPRESENTING  THE
INSURED  FOR  THE  REMAINDER OF AN INSURANCE POLICY AND MUST EXECUTE ANY
CHANGES DESIRED BY THE INSURED AS IT WOULD HAVE  DONE  FOR  THE  PLACING
BROKER OR AGENT.
  2.  ALL  COMMISSIONS  GENERATED DURING THE POLICY TERM SHALL ACCRUE TO
THE BROKER OR AGENT WHO PLACED THE POLICY.
  3. THE INSURER MAY GIVE LEGAL NOTICE NOT TO RENEW THE POLICY UPON  THE
EXPIRATION  OF  SUCH POLICY. NOTHING HEREIN SHALL REQUIRE THE INSURER TO
RECOGNIZE OR NEGOTIATE A NEW POLICY WITH SUCH BROKER OR AGENT  UPON  THE
EXPIRATION OF THE POLICY.
  S 3. This act shall take effect immediately.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10480-02-9

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.