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Senate Bill S506

2013-2014 Legislative Session

Requires 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

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Archive: Last Bill Status - In Senate Committee Insurance Committee

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2013-S506 (ACTIVE) - Details

See Assembly Version of this Bill:
A7057
Current Committee:
Senate Insurance
Law Section:
Insurance
Versions Introduced in 2011-2012 Legislative Session:
S2872

2013-S506 (ACTIVE) - Summary

Requires 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.

2013-S506 (ACTIVE) - Sponsor Memo

2013-S506 (ACTIVE) - 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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