| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 23, 2012 |
print number 3604a |
| Jan 23, 2012 |
amend (t) and recommit to insurance |
| Jan 04, 2012 |
referred to insurance |
| Feb 28, 2011 |
referred to insurance |
Senate Bill S3604A
2011-2012 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
Actions
Bill Amendments
2011-S3604 - Details
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S6465
2013-2014: S4012
2011-S3604 - Sponsor Memo
BILL NUMBER:S3604
TITLE OF BILL:
An act
in relation to authorizing and directing the superintendent of
insurance to conduct a study concerning the potential effect of a
disaster on the insurance industry of this state
PURPOSE:
The purpose of the bill is to require a
study on the effect
of disasters on the insurance industry of New York State.
SUMMARY OF PROVISIONS:
Section 1.1: The superintendent of insurance is
hereby authorized and directed to conduct a study concerning the
potential effect of disasters on the insurance industry of New York
State
EXISTING LAW:
2010: S.6465 - Held in Insurance
JUSTIFICATION:
Insurance is a product that everyone
purchases and no
one hopes to use. However, after massive disasters such as
2011-S3604 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3604
2011-2012 Regular Sessions
I N S E N A T E
February 28, 2011
___________
Introduced by Sen. ADAMS -- read twice and ordered printed, and when
printed to be committed to the Committee on Insurance
AN ACT in relation to authorizing and directing the superintendent of
insurance to conduct a study concerning the potential effect of a
disaster on the insurance industry of this state
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Notwithstanding any other provision of law, the superinten-
dent of insurance, in consultation with the office of homeland security,
is hereby authorized and directed to prepare or cause to be prepared a
study to examine, evaluate and make recommendations concerning the
potential effect of a disaster, catastrophic event, state of emergency
or any other event of major destructive consequences on the insurance
industry of this state. Such study shall include the effect of both
natural and man-made disasters within its scope. Natural disasters to be
studied shall include, but not be limited to, disasters occurring from
rain, sleet, ice, snow, wind or extreme heat or cold. Man-made disasters
to be studied shall include, but not be limited to, acts of terrorism,
acts of war, strikes or mass riots. Such study shall focus primarily on
the preparedness and ability of the insurance industry to function in
the event of such a disaster and what procedures and protocols may be
implemented to improve such functionality, as well as any other issues
the superintendent of insurance deems relevant.
S 2. The superintendent of insurance shall report to the governor and
the legislature the findings of the study required by section one of
this act along with his or her recommendations on or before January 1,
2012.
S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07638-01-1
2011-S3604A (ACTIVE) - Details
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S6465
2013-2014: S4012
2011-S3604A (ACTIVE) - Sponsor Memo
BILL NUMBER:S3604A
TITLE OF BILL:
An act
in relation to authorizing and directing the superintendent of
financial services
to conduct a study concerning the potential effect of a
disaster on the insurance industry of this state
PURPOSE:
The purpose of the bill is to require a study on the effect of
disasters on the insurance industry of New York state.
SUMMARY OF PROVISIONS:
Section 1.1: The superintendent of insurance is hereby authorized and
directed to conduct a study concerning the potential effect of
disasters on the insurance industry of New York State.
EXISTING LAW:
2010: S.6465 - Held in Insurance
JUSTIFICATION:
Insurance is a product that everyone purchases and no one hopes to use.
However, after massive disasters such as hurricanes, earthquakes, and
terrorist attacks many thousands of people may receive payment for
damages they have experienced. often times this process can overwhelm
2011-S3604A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3604--A
2011-2012 Regular Sessions
I N S E N A T E
February 28, 2011
___________
Introduced by Sen. ADAMS -- read twice and ordered printed, and when
printed to be committed to the Committee on Insurance -- recommitted
to the Committee on Insurance in accordance with Senate Rule 6, sec. 8
-- committee discharged, bill amended, ordered reprinted as amended
and recommitted to said committee
AN ACT in relation to authorizing and directing the superintendent of
financial services to conduct a study concerning the potential effect
of a disaster on the insurance industry of this state
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Notwithstanding any other provision of law, the superinten-
dent of financial services, in consultation with the office of homeland
security, is hereby authorized and directed to prepare or cause to be
prepared a study to examine, evaluate and make recommendations concern-
ing the potential effect of a disaster, catastrophic event, state of
emergency or any other event of major destructive consequences on the
insurance industry of this state. Such study shall include the effect of
both natural and man-made disasters within its scope. Natural disasters
to be studied shall include, but not be limited to, disasters occurring
from rain, sleet, ice, snow, wind or extreme heat or cold. Man-made
disasters to be studied shall include, but not be limited to, acts of
terrorism, acts of war, strikes or mass riots. Such study shall focus
primarily on the preparedness and ability of the insurance industry to
function in the event of such a disaster and what procedures and proto-
cols may be implemented to improve such functionality, as well as any
other issues the superintendent of financial services deems relevant.
S 2. The superintendent of financial services shall report to the
governor and the legislature the findings of the study required by
section one of this act along with his or her recommendations on or
before January 1, 2013.
S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07638-02-1
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