Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 30, 2013 |
signed chap.75 |
Jun 26, 2013 |
delivered to governor |
Jun 20, 2013 |
returned to assembly passed senate 3rd reading cal.1482 substituted for s4327a |
Jun 20, 2013 |
substituted by a6918a ordered to third reading cal.1482 committee discharged and committed to rules |
Jun 14, 2013 |
print number 4327a |
Jun 14, 2013 |
amend (t) and recommit to insurance |
Mar 21, 2013 |
referred to insurance |
Senate Bill S4327A
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status Via A6918 - Signed by Governor
- 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
Actions
Votes
Bill Amendments
2013-S4327 - Details
- See Assembly Version of this Bill:
- A6918
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §6303, Ins L
2013-S4327 - Sponsor Memo
BILL NUMBER:S4327 TITLE OF BILL: An act to amend the insurance law, in relation to certain exemptions from rate and form filing requirements for large commercial insureds Purpose of the Bill: The purpose of this bill is to extend the sunset date for the "large commercial insured" exemption with regard to the free trade zone. Summary of Provisions: Section 1 of the bill would amend Insurance Law § 6303(a)(3) to extend until June 30, 2015, the exemption from rate and form filing requirements for certain property/casualty policies. Section 2 would provide an immediate effective date. Existing Law: Insurance Law § 6303(a)(3) provides an exemption from rate and form filing requirements for certain property/casualty policies (other than medical malpractice insurance policies; workers' compensation insurance policies, and certain other kinds of insurance policies) issued to a "large commercial insured" (defined in law) that employs or retains a special risk manager to assist in the negotiation and purchase of a policy exempted under Article 63, provided, however, that: (1) the special risk manager is not employed by the insurer
2013-S4327 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4327 2013-2014 Regular Sessions I N S E N A T E March 21, 2013 ___________ Introduced by Sen. SEWARD -- (at request of the Department of Financial Services) -- 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 certain exemptions from rate and form filing requirements for large commercial insureds THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 3 of subsection (a) of section 6303 of the insur- ance law, as amended by chapter 490 of the laws of 2011, is amended to read as follows: (3) until June thirtieth, two thousand [thirteen] FIFTEEN, the policy, other than a medical malpractice insurance policy, is issued to a large commercial insured that employs or retains a special risk manager to assist in the negotiation and purchase of a policy exempted under this article, provided, however, that: (A)(i) the special risk manager is not employed by the insurer issuing the policy or any person in the insurer's holding company system; and (ii) the special risk manager is licensed as an insurance producer in this state pursuant to article twenty-one of this chapter, unless exempted from licensing therein; (B) the insurer shall file with the superintendent a certificate of insurance evidencing the existence and terms of the policy within one business day of binding the insurance coverage; and (C) a policy form that has not been previously filed with the super- intendent shall be filed with the superintendent for informational purposes within three business days after first delivery of a policy using such form, but no later than sixty calendar days after the incep- tion date of such policy. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08856-02-3
2013-S4327A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6918
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §6303, Ins L
2013-S4327A (ACTIVE) - Sponsor Memo
BILL NUMBER:S4327A TITLE OF BILL: An act to amend the insurance law, in relation to extending authorization for certain exemptions from filing requirements PURPOSE OF THE BILL: The purpose of this bill is to extend the sunset date and remove certain filing requirements for the "large commercial insured" exemption with regard to the free trade zone. SUMMARY OF PROVISIONS: Section 1 of the bill would amend Insurance Law § 6303(a)(3) to extend until June 30, 2015, the exemption from rate and form filing requirements for certain property/casualty policies written in the free trade zone and to repeal the requirement that insurers file a certificate of insurance with the Department of Financial Services within one business day of writing such a policy. Section 2 would provide an immediate effective date. EXISTING LAW:
2013-S4327A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4327--A 2013-2014 Regular Sessions I N S E N A T E March 21, 2013 ___________ 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 extending authori- zation for certain exemptions from filing requirements THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 3 of subsection (a) of section 6303 of the insurance law, as amended by chapter 490 of the laws of 2011, is amended to read as follows: (3) until June thirtieth, two thousand [thirteen] FIFTEEN, the policy, other than a medical malpractice insurance policy, is issued to a large commercial insured that employs or retains a special risk manager to assist in the negotiation and purchase of a policy exempted under this article, provided, however, that: (A)(i) the special risk manager is not employed by the insurer issuing the policy or any person in the insurer's holding company system; and (ii) the special risk manager is licensed as an insurance producer in this state pursuant to article twenty-one of this chapter, unless exempted from licensing therein; AND (B) [the insurer shall file with the superintendent a certificate of insurance evidencing the existence and terms of the policy within one business day of binding the insurance coverage; and (C)] a policy form that has not been previously filed with the super- intendent shall be filed with the superintendent for informational purposes within three business days after first delivery of a policy using such form, but no later than sixty calendar days after the incep- tion date of such policy. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08856-06-3
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