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Assembly Bill A6699

2011-2012 Legislative Session

Requires the owners of public vessels intending to operate on the navigable waters of the state to obtain marine protection and indemnity insurance

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Archive: Last Bill Status - On Floor Calendar

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Bill Amendments

co-Sponsors

2011-A6699 - Details

Law Section:
Insurance Law
Laws Affected:
Add §§51 & 52, amd §50, Nav L; amd §2105, Ins L
Versions Introduced in 2009-2010 Legislative Session:
A4697

2011-A6699 - Summary

Requires public vessels operating in New York state to carry marine protection and indemnity insurance; permits excess line brokers to provide marine liability insurance; allows owners of public vessels to be self-insured upon approval of the commissioner of parks, recreation and historic preservation.

2011-A6699 - Bill Text download pdf

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

                                  6699

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                             March 25, 2011
                               ___________

Introduced  by  M. of A. SCHIMMINGER, MORELLE, REILLY, GALEF, PHEFFER --
  read once and referred to the Committee on Insurance

AN ACT to amend the insurance law and the navigation law, in relation to
  requiring certain policies of insurance for public vessels which carry
  passengers

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

  Section  1.  Subsection  (a)  of section 2105 of the insurance law, as
amended by chapter 626 of the laws  of  2006,  is  amended  to  read  as
follows:
  (a)  The  superintendent  may issue an excess line broker's license to
any person, firm, association or corporation who or which  is  domiciled
or  maintains  an  office  in this state and is licensed as an insurance
broker under section two thousand one hundred four of this  article,  or
who or which is licensed as an excess line broker in the licensee's home
state, provided, however, that the applicant's home state grants non-re-
sident  licenses  to  residents  of this state on the same basis, except
that reciprocity is not required in regard to the placement of liability
insurance on behalf of a purchasing group or any of its members; author-
izing such person, firm, association or corporation to procure,  subject
to the restrictions herein provided, policies of insurance from insurers
which  are not authorized to transact business in this state of the kind
or kinds of insurance specified in  paragraphs  four  through  fourteen,
sixteen,  seventeen,  nineteen,  twenty, TWENTY-ONE, twenty-two, twenty-
seven, twenty-eight and thirty-one of  subsection  (a)  of  section  one
thousand  one  hundred thirteen of this chapter and in subsection (h) of
this section, provided, however, that the provisions of this section and
section two thousand one hundred eighteen  of  this  article  shall  not
apply to ocean marine insurance and other contracts of insurance enumer-
ated  in  subsections  (b)  and  (c) of section two thousand one hundred
seventeen of this article. Such license may be suspended or  revoked  by

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10361-01-1
              

co-Sponsors

2011-A6699A (ACTIVE) - Details

Law Section:
Insurance Law
Laws Affected:
Add §§51 & 52, amd §50, Nav L; amd §2105, Ins L
Versions Introduced in 2009-2010 Legislative Session:
A4697

2011-A6699A (ACTIVE) - Summary

Requires public vessels operating in New York state to carry marine protection and indemnity insurance; permits excess line brokers to provide marine liability insurance; allows owners of public vessels to be self-insured upon approval of the commissioner of parks, recreation and historic preservation.

2011-A6699A (ACTIVE) - Bill Text download pdf

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

                                 6699--A

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                             March 25, 2011
                               ___________

Introduced  by M. of A. SCHIMMINGER, MORELLE, REILLY, GALEF -- read once
  and referred to the Committee  on  Insurance  --  recommitted  to  the
  Committee  on  Insurance in accordance with Assembly Rule 3, sec. 2 --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN ACT to amend the insurance law and the navigation law, in relation to
  requiring certain policies of insurance for public vessels which carry
  passengers

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

  Section 1. Subsection (a) of section 2105 of  the  insurance  law,  as
amended  by  section  9  of part I of chapter 61 of the laws of 2011, is
amended to read as follows:
  (a) The superintendent may issue an excess line  broker's  license  to
any person, firm, association or corporation who or which is licensed as
an  insurance broker under section two thousand one hundred four of this
article, or who or which is licensed as an excess  line  broker  in  the
licensee's  home  state,  provided,  however,  that the applicant's home
state grants non-resident licenses to residents of  this  state  on  the
same  basis,  except  that  reciprocity is not required in regard to the
placement of liability insurance on behalf of a purchasing group or  any
of  its  members;  authorizing  such person, firm, association or corpo-
ration to procure, subject to the restrictions herein provided, policies
of insurance from insurers which are not authorized to transact business
in this state of the kind or kinds of insurance specified in  paragraphs
four through fourteen, sixteen, seventeen, nineteen, twenty, TWENTY-ONE,
twenty-two,  twenty-seven, twenty-eight and thirty-one of subsection (a)
of section one thousand one hundred thirteen  of  this  chapter  and  in
subsection  (h)  of this section, provided, however, that the provisions
of this section and section two thousand one hundred  eighteen  of  this
article shall not apply to ocean marine insurance and other contracts of

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10361-02-1
              

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