Senate Bill S4952

2011-2012 Legislative Session

Relates to authorizing the state and public authorities and public corporations to provide surety bonds and insurance policies for building or construction projects

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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

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Bill Amendments

2011-S4952 - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §2504, Ins L

2011-S4952 - Summary

Relates to authorizing the state and public authorities and public corporations to provide surety bonds and insurance policies for building or construction projects.

2011-S4952 - Sponsor Memo

2011-S4952 - Bill Text download pdf

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

                                  4952

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 2, 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 authorizing the state,
  public corporations and public authorities to provide  wrap-up  insur-
  ance   programs  and  surety  bonds  for  their  public  building  and
  construction projects

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

  Section  1.  Section  2504  of the insurance law is amended to read as
follows:
  S 2504. Designation of particular insurer, agent or broker for  insur-
ance  in  certain  public  construction contracts. (a) (1) No officer or
employee of this state, or of  any  public  corporation  as  defined  in
section  sixty-six  of  the  general  construction law, or of any public
authority, and no person acting or purporting to act on behalf  of  such
officer,  employee,  public corporation or public authority, shall, with
respect to any public building or construction contract which  is  about
to  be, or which has been, competitively bid, require the bidder to make
application to any particular insurance company, agent or broker for  or
to obtain or procure therefrom, any surety bond or contract of insurance
specified  in  connection  with  such contract, or specified by any law,
general, special or local.
  (2) In paragraph one hereof, "public corporation" and "public authori-
ty" shall not include:
  (A) a public corporation  or  public  authority  created  pursuant  to
agreement or compact with another state, or
  (B) the city of New York, a public corporation or public authority, in
connection  with  the  construction  of electrical generating and trans-
mission facilities or construction, extensions and  additions  of  light
rail or heavy rail rapid transit and commuter railroads.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11011-01-1

              

2011-S4952A (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §2504, Ins L

2011-S4952A (ACTIVE) - Summary

Relates to authorizing the state and public authorities and public corporations to provide surety bonds and insurance policies for building or construction projects.

2011-S4952A (ACTIVE) - Sponsor Memo

2011-S4952A (ACTIVE) - Bill Text download pdf

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

                                 4952--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               May 2, 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 authorizing any city
  with a population of one million or more to provide wrap-up  insurance
  programs  and  surety bonds for their public building and construction
  projects; and providing for the repeal of such provisions upon expira-
  tion thereof

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

  Section  1.  Section  2504  of the insurance law is amended to read as
follows:
  S 2504. Designation of particular insurer, agent or broker for  insur-
ance  in  certain  public  construction contracts. (a) (1) No officer or
employee of this state, or of  any  public  corporation  as  defined  in
section  sixty-six  of  the  general  construction law, or of any public
authority, and no person acting or purporting to act on behalf  of  such
officer,  employee,  public corporation or public authority, shall, with
respect to any public building or construction contract which  is  about
to  be, or which has been, competitively bid, require the bidder to make
application to any particular insurance company, agent or broker for  or
to obtain or procure therefrom, any surety bond or contract of insurance
specified  in  connection  with  such contract, or specified by any law,
general, special or local.
  (2) In paragraph one hereof, "public corporation" and "public authori-
ty" shall not include:
  (A) a public corporation  or  public  authority  created  pursuant  to
agreement or compact with another state, or
  (B) the city of New York, a public corporation or public authority, in
connection  with  the  construction  of electrical generating and trans-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11011-04-1
              

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