senate Bill S4068A

2011-2012 Legislative Session

Exempts large commercial insureds from certain rate and policy form requirements

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (8)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to insurance
Jun 24, 2011 committed to rules
Jun 13, 2011 advanced to third reading
Jun 07, 2011 2nd report cal.
Jun 06, 2011 1st report cal.1023
Jun 02, 2011 print number 4068a
amend and recommit to insurance
Mar 16, 2011 referred to insurance

Votes

view votes

Jun 6, 2011 - Insurance committee Vote

S4068A
15
0
committee
15
Aye
0
Nay
2
Aye with Reservations
1
Absent
0
Excused
0
Abstained
show Insurance committee vote details

Insurance Committee Vote: Jun 6, 2011

aye wr (2)
absent (1)

Bill Amendments

Original
A (Active)
Original
A (Active)

S4068 - Details

Current Committee:
Law Section:
Insurance Law
Laws Affected:
Amd §§6301, 6302, 6303 & 2307, Ins L

S4068 - Summary

Exempts large commercial insureds from certain rate and policy form requirements.

S4068 - Sponsor Memo

S4068 - Bill Text download pdf

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

                                  4068

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 16, 2011
                               ___________

Introduced  by  Sen.  SEWARD -- 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  exempting  large
  commercial insureds from certain rate and policy form requirements

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

  Section 1. Subsections (a) and (b) of section 6301  of  the  insurance
law are amended to read as follows:
  (a)  Notwithstanding any provision of this chapter, the superintendent
shall, pursuant to regulations promulgated by [him] THE  SUPERINTENDENT,
permit exemption from filing requirements only with respect to rates and
policy  forms,  where  applicable,  for  any  of  the kinds of insurance
[authorized to be written in this state] SPECIFIED IN SUBSECTION (B)  OF
THIS SECTION.
  (b)  [No]  AN  exemption  pursuant  to  subsection (a) hereof shall be
permitted in relation to the kinds of insurance set forth in  [paragraph
one,  two,  three,  fifteen,  eighteen  or twenty-three] PARAGRAPHS FOUR
THROUGH FOURTEEN, SIXTEEN, SEVENTEEN, NINETEEN THROUGH TWENTY-TWO, TWEN-
TY-SEVEN AND TWENTY-NINE of subsection (a) of section one  thousand  one
hundred  thirteen  of  this  chapter[,  or to] AND SUCH INSURANCE AS THE
SUPERINTENDENT DEEMS TO BE SUBSTANTIALLY SIMILAR TO ONE OF THE FOREGOING
KINDS, EXCEPT NO EXEMPTION  MAY  BE  PERMITTED  FOR:  (1)  coverage  for
personal  lines to natural persons for non-business purposes; (2) INSUR-
ANCE SPECIFIED IN SUBSECTION (B) OF SECTION TWO THOUSAND  THREE  HUNDRED
FIVE OR SECTION TWO THOUSAND THREE HUNDRED TWENTY-EIGHT OF THIS CHAPTER;
(3)  INSURANCE REQUIRED TO SATISFY ANY FINANCIAL RESPONSIBILITY REQUIRE-
MENT OF THIS STATE; OR (4) A POLICY WRITTEN ON A GROUP BASIS.   However,
any  risk  pursuant to paragraph one, two or three of such subsection of
such section of this chapter, MEDICAL MALPRACTICE INSURANCE (EXCEPT  FOR
PHYSICIANS AND SURGEONS), or personal lines risk (except private passen-
ger,  non-fleet  automobile  insurance)  shall  be  exempt  pursuant  to

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10253-01-1

S4068A (ACTIVE) - Details

Current Committee:
Law Section:
Insurance Law
Laws Affected:
Amd §§6301, 6302, 6303 & 2307, Ins L

S4068A (ACTIVE) - Summary

Exempts large commercial insureds from certain rate and policy form requirements.

S4068A (ACTIVE) - Sponsor Memo

S4068A (ACTIVE) - Bill Text download pdf

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

                                 4068--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 16, 2011
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the Committee  on  Insurance  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  amend  the  insurance  law,  in relation to exempting large
  commercial insureds from certain rate and policy form requirements

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

  Section  1.  Subsections  (a) and (b) of section 6301 of the insurance
law are amended to read as follows:
  (a) Notwithstanding any provision of this chapter, the  superintendent
shall,  pursuant to regulations promulgated by [him] THE SUPERINTENDENT,
permit exemption from filing requirements only with respect to rates and
policy forms, where applicable,  for  any  of  the  kinds  of  insurance
[authorized  to be written in this state] SPECIFIED IN SUBSECTION (B) OF
THIS SECTION.
  (b) [No] AN exemption pursuant to  subsection  (a)  [hereof]  OF  THIS
SECTION  shall  be  permitted  in relation to the kinds of insurance set
forth in [paragraph one, two, three, fifteen, eighteen or  twenty-three]
PARAGRAPHS  FOUR  THROUGH FOURTEEN, SIXTEEN, SEVENTEEN, NINETEEN THROUGH
TWENTY-TWO, TWENTY-SEVEN AND TWENTY-NINE of subsection  (a)  of  section
one  thousand  one  hundred  thirteen  of this chapter[, or to] AND SUCH
INSURANCE AS THE SUPERINTENDENT DEEMS TO BE SUBSTANTIALLY SIMILAR TO ONE
OF THE FOREGOING KINDS, EXCEPT NO EXEMPTION MAY BE  PERMITTED  FOR:  (1)
coverage   for  personal  lines  to  natural  persons  for  non-business
purposes; (2) INSURANCE SPECIFIED IN SUBSECTION (B) OF SECTION TWO THOU-
SAND  THREE  HUNDRED  FIVE  OR  SECTION  TWO  THOUSAND   THREE   HUNDRED
TWENTY-EIGHT OF THIS CHAPTER EXCEPT MEDICAL MALPRACTICE LIABILITY INSUR-
ANCE;  (3)  INSURANCE  REQUIRED  TO SATISFY ANY FINANCIAL RESPONSIBILITY
REQUIREMENT OF THIS STATE; OR (4) A POLICY WRITTEN  ON  A  GROUP  BASIS.
However,  any  risk  pursuant  to  paragraph one, two or three of [such]

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10253-04-1

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