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 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

2013-S3064 (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §§2122, 1101 & 2117, Ins L
Versions Introduced in Other Legislative Sessions:
2011-2012: S6809
2015-2016: S2360
2017-2018: S2093
2019-2020: S3523
2021-2022: S3554

2013-S3064 (ACTIVE) - 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.

2013-S3064 (ACTIVE) - Sponsor Memo

2013-S3064 (ACTIVE) - Bill Text download pdf

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

                                  3064

                       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

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

  Section 1. Section 2122 of the insurance law is  amended  to  read  as
follows:
  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
follows:
  (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.
                                                           LBD08142-01-3
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.