|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Dec 18, 2013||tabled|
|Dec 06, 2013||delivered to governor|
|Jun 20, 2013||returned to assembly|
3rd reading cal.1511
substituted for s5804
|Jun 20, 2013||substituted by a3107d|
ordered to third reading cal.1511
|Jun 16, 2013||referred to rules|
senate Bill S5804Vetoed By Governor
Archive: Last Bill Status Via A3107 - Vetoed by Governor
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Vetoed by Governor
S5804 - Details
S5804 - Summary
Relates to the issuance of certificates of insurance and requires the issuance of a certificate of insurance as a summary or evidence of property or casualty insurance.
S5804 - Sponsor Memo
BILL NUMBER:S5804 TITLE OF BILL: An act to amend the insurance law, in relation to certificates of insurance PURPOSE: To establish standards for the proper issuance of certificates of insurance and to authorize the department of financial services and other entities to impose penalties against any person who violates the provisions of this article. SUMMARY OF PROVISIONS: Section 1 adds a new article five to the insurance law, which sets forth specific standards for the issuance of certificates of insurance. Section 501 provides for definitions of the terms "certificate", "certificate of insurance", "certificate holder", "insurance producer", "insurer", "person", and "policyholder." Section 502 sets forth prohibited practices, including, altering or modifying a certificate of insurance form, knowingly requesting the issuance of a certificate of insurance that contains false or misleading information, issuing a certificate of insurance that alters the terms or coverage provided by the insurance policy, issuing an opinion letter or similar document that is inconsistent with this section. However, an accompanying addendum, with clarifying information is permissible.
S5804 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5804 2013-2014 Regular Sessions I N S E N A T E June 16, 2013 ___________ Introduced by Sen. SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the insurance law, in relation to certificates of insur- ance THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The insurance law is amended by adding a new article 5 to read as follows: ARTICLE 5 CERTIFICATES OF INSURANCE SECTION 501. DEFINITIONS. 502. PROHIBITIONS. 503. APPLICABILITY. 504. ENFORCEMENT. 505. RULES AND REGULATIONS. S 501. DEFINITIONS. FOR PURPOSES OF THIS SECTION: (A) "CERTIFICATE" OR "CERTIFICATE OF INSURANCE" MEANS ANY DOCUMENT OR INSTRUMENT, NO MATTER HOW TITLED OR DESCRIBED, WHICH IS PREPARED OR ISSUED BY AN INSURER OR INSURANCE PRODUCER AS EVIDENCE OF PROPERTY OR CASUALTY INSURANCE COVERAGE. "CERTIFICATE" OR "CERTIFICATE OF INSURANCE" SHALL NOT INCLUDE A POLICY OF INSURANCE OR INSURANCE BINDER, AND DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE PROVIDED BY THE POLICY OF INSUR- ANCE TO WHICH THE CERTIFICATE MAKES REFERENCE, AND IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICY. A CERTIFICATE OF INSURANCE SHALL NOT CONFER TO ANY PERSON NEW OR ADDITIONAL RIGHTS BEYOND WHAT THE REFERENCED POLICY OF INSURANCE EXPRESSLY PROVIDES. (B) "CERTIFICATE HOLDER" MEANS ANY PERSON, OTHER THAN A POLICYHOLDER, THAT IS IDENTIFIED ON THE CERTIFICATE AS A CERTIFICATE HOLDER. (C) "INSURANCE PRODUCER" HAS THE MEANING ASCRIBED TO IT BY SUBSECTION (K) OF SECTION TWO THOUSAND ONE HUNDRED ONE OF THIS CHAPTER. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06628-20-3
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