senate Bill S3064

2013-2014 Legislative Session

Removes requirement for advertisements referring to an insurer to include the insurer's full name and principal office

download bill text pdf

Sponsored By

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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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to insurance
Jan 29, 2013 referred to insurance

S3064 - Details

Current Committee:
Law Section:
Insurance Law
Laws Affected:
Amd ยงยง2122, 1101 & 2117, Ins L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S6809
2009-2010: A11286

S3064 - Summary

Removes requirement for advertisements referring to an insurer to include the insurer's full name and principal office and makes technical corrections relating thereto.

S3064 - Sponsor Memo

S3064 - Bill Text download pdf

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


                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 29, 2013

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 removing the  require-
  ment  for advertisements referring to an insurer to include the insur-
  er's full name and principal office and making  technical  corrections
  related thereto


  Section 1. Section 2122 of the insurance law is  amended  to  read  as
  S  2122.  Advertising  by  insurance  agents and brokers. (a) [(1)] No
insurance agent or insurance broker shall make or issue  in  this  state
any  advertisement,  sign,  pamphlet,  circular,  card  or  other public
announcement purporting to make known the  financial  condition  of  any
insurer,  unless  the  same shall conform to the requirements of section
one thousand three hundred thirteen of this chapter.
  [(2)] (B) No insurance agent, insurance broker or other person, shall,
by any advertisement or public announcement in this state,  call  atten-
tion to any unauthorized insurer or insurers.
  [(b)  Every  agent of any insurer and every insurance broker shall, in
all advertisements, public announcements,  signs,  pamphlets,  circulars
and cards, which refer to an insurer, set forth therein the name in full
of  the insurer referred to and the name of the city, town or village in
which it has its principal office in the United States.]
  S 2. Paragraph 5 of subsection (b) of section 1101  of  the  insurance
law,  as added by chapter 597 of the laws of 1999, is amended to read as
  (5) Notwithstanding the foregoing, an unauthorized insurer, which  (A)
is affiliated with an insurer licensed in this state, and (B) has satis-
fied  all  applicable requirements for placements by excess line brokers
as set forth in section two thousand one hundred eighteen of this  chap-

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


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