|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to insurance|
|Jan 09, 2013||referred to insurance|
senate Bill S506
Archive: Last Bill Status - In Senate Insurance Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S506 - Details
S506 - Sponsor Memo
BILL NUMBER:S506 TITLE OF BILL: An act requiring the commissioner of financial services to conduct a study to identify problems and concerns regarding the bail bond business and to present his or her findings to the legislature PURPOSE: Requires the New York State Insurance Commissioner to conduct a study to identify problems and concerns regarding the bail bond business and to present finding to the Legislature. SUMMARY OF PROVISIONS: Section One of the bill requires the Commissioner of Insurance, within 90 days of the enactment of this legislation, to conduct a study to identify problems and concerns regarding the bail bond business as defined in Section 6801 on the Insurance law. The study will identify necessary improvements and clarifications to current regulation and statutes related to the rights of defendants who utilize the bail bond business. Upon completion of the study, the Commissioner shall repair a report with the departments suggestions for regulatory and statutory changes
S506 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 506 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. ESPAILLAT -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT requiring the commissioner of financial services to conduct a study to identify problems and concerns regarding the bail bond busi- ness and to present his or her findings to the legislature THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. a. The commissioner of financial services shall, within 90 days of the effective date of this act, conduct a study to identify problems and concerns regarding the bail bond business as defined in section 6801 of the insurance law. The study is to identify necessary improvements and clarifications to current regulations and statutes related to the rights of defendants who utilize the bail bond business. b. Upon completion of the study, the commissioner shall prepare a report with the department's suggestions for regulatory and/or statutory changes necessary to improve and clarify current regulations and stat- utes related to the rights of defendants who utilize the bail bond busi- ness as defined in section 6801 of the insurance law. c. Upon completion of the report, the commissioner or her or his designated hearing officer shall hold a public hearing in that area in order to afford an opportunity for any person to propose additions or deletions from the report recommendations and shall assure that copies of the report are available for public inspection and a copy posted to the department's website. d. The commissioner of financial services shall give notice of such hearing by certified mail not less than 30 days prior to the date set for such hearing to all relevant stakeholders including, but not limited to, any person, firm or corporation, or officer, employee or agent ther- eof, licensed under section 6801 of the insurance law, all county funded public defenders and legal aid societies, the district attorney for each EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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