senate Bill S5550

Vetoed By Governor
2013-2014 Legislative Session

Provides that wireless communications equipment insurance policies shall not be subject to rules providing for producer compensation transparency

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A7546 - Vetoed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Vetoed by Governor

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 18, 2013 tabled
vetoed memo.267
Dec 06, 2013 delivered to governor
Jun 20, 2013 returned to assembly
passed senate
3rd reading cal.1365
substituted for s5550
Jun 20, 2013 substituted by a7546a
Jun 12, 2013 ordered to third reading cal.1365
committee discharged and committed to rules
May 17, 2013 referred to insurance

Votes

view votes

Jun 17, 2013 - Rules committee Vote

S5550
20
1
committee
20
Aye
1
Nay
3
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Rules committee vote details

Jun 12, 2013 - Rules committee Vote

S5550
20
1
committee
20
Aye
1
Nay
3
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Rules committee vote details

S5550 - Details

See Assembly Version of this Bill:
A7546A
Law Section:
Insurance Law
Laws Affected:
Amd §3449, Ins L

S5550 - Summary

Provides that wireless communications equipment insurance policies shall not be subject to rules providing for producer compensation transparency.

S5550 - Sponsor Memo

S5550 - Bill Text download pdf

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

                                  5550

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 17, 2013
                               ___________

Introduced  by  Sen.  LIBOUS -- 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  wireless  communi-
  cations equipment insurance policies

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

  Section 1. Subsection (e) of section 3449 of  the  insurance  law,  as
added by chapter 426 of the laws of 2005, is amended to read as follows:
  (e)  The  superintendent may promulgate regulations regarding policies
of wireless  communications  equipment  insurance,  including,  but  not
limited  to,  regulations governing policy terms and conditions, and may
establish other reasonable  limitations;  PROVIDED,  HOWEVER,  THAT  THE
PROVISIONS  OF  PART THIRTY OF TITLE ELEVEN OF THE NEW YORK STATE CODES,
RULES AND REGULATIONS, RELATING TO PRODUCER  COMPENSATION  TRANSPARENCY,
SHALL NOT APPLY TO SUCH POLICIES.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11044-01-3

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