Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to insurance |
Apr 27, 2009 |
referred to insurance |
Senate Bill S5087
2009-2010 Legislative Session
Sponsored By
(R) Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
- 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
2009-S5087 (ACTIVE) - Details
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance Law
- Laws Affected:
- Add §2336-b, Ins L
2009-S5087 (ACTIVE) - Summary
Relates to boating liability insurance rates; allows for a schedule of rates or rating plan for boat liability insurance submitted to the superintendent to provide for an actuarially appropriate reduction in premium charges for any insured who completed a boat safety course approved by the commissioner of parks, recreation and historic preservation.
2009-S5087 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5087 TITLE OF BILL : An act to amend the insurance law, in relation to boating liability insurance rates PURPOSE OR GENERAL IDEA OF BILL : This bill would reduce the number of boating accidents by requiring that insurance carriers licensed to issue yacht or boating liability insurance in this state, grant actuarially appropriate rate reductions to any owner of a yacht or boat who has successfully completed a boating safety course that was approved by the Commission of Parks. SUMMARY OF SPECIFIC PROVISIONS : This bill creates a new section 2336-b of the Insurance law. Section 1 provides that any schedule of rates or rating plan for yacht or boating liability provide for an actuarially appropriate reduction in premium charges for any insured who has successfully completed a boating safety course which has been approved by the Commissioner of Parks, Recreation and Historic Preservation. Section 2 provides that the new law shall take effect immediately and shall apply to all policies and contracts issued, renewed, modified or altered on or after the effective date. Currently, Navigation Law, Section 78-a authorizes, but does not
2009-S5087 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5087 2009-2010 Regular Sessions I N S E N A T E April 27, 2009 ___________ Introduced by Sen. LEIBELL -- 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 boating liability insurance rates 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 2336-b to read as follows: S 2336-B. BOAT LIABILITY INSURANCE RATES; PREMIUM REDUCTIONS IN CERTAIN CASES. 1. ANY SCHEDULE OF RATES OR RATING PLAN FOR BOAT LIABIL- ITY INSURANCE SUBMITTED TO THE SUPERINTENDENT SHALL PROVIDE FOR AN ACTU- ARIALLY APPROPRIATE REDUCTION IN PREMIUM CHARGES FOR ANY INSURED WHO HAS SUCCESSFULLY COMPLETED A BOAT SAFETY COURSE WHICH HAS BEEN APPROVED BY THE COMMISSIONER OF PARKS, RECREATION AND HISTORIC PRESERVATION. 2. FOR THE PURPOSES OF THIS SECTION, THE TERM BOAT SHALL MEAN A YACHT OR ANY SAILING OR MOTOR-DRIVEN VESSEL. S 2. This act shall take effect immediately and shall apply to all policies and contracts issued, renewed, modified or altered on and after such effective date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01645-01-9
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