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Assembly Bill A6447

2011-2012 Legislative Session

Extends the provisions of New York property insurance underwriting association

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Archive: Last Bill Status - Stricken

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2011-A6447 (ACTIVE) - Details

Law Section:
Insurance Law
Laws Affected:
Amd ยง5412, Ins L

2011-A6447 (ACTIVE) - Summary

Extends the provisions of New York property insurance underwriting association.

2011-A6447 (ACTIVE) - Bill Text download pdf 

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

                                  6447

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                             March 16, 2011
                               ___________

Introduced  by M. of A. MORELLE -- read once and referred to the Commit-
  tee on Insurance

AN ACT to  amend  the  insurance  law,  in  relation  to  extending  the
  provisions of the New York property insurance underwriters association

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

  Section 1. Subsection (g) of section 5412 of  the  insurance  law,  as
amended  by  chapter  136  of  the  laws  of 2008, is amended to read as
follows:
  (g) The provisions of this section shall cease to be of any  force  or
effect  on  or  after  June  thirtieth,  two thousand [eleven] THIRTEEN,
except that policies issued or other obligations incurred by the associ-
ation shall not be impaired by the expiration of this  section  and  the
association  shall  continue  for the purpose of servicing such policies
and performing such obligations.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10290-01-1

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