senate Bill S7381

2013-2014 Legislative Session

Directs superintendent of financial services to establish a separate classification for liability insurance for installers of wind or solar electric generating systems

download bill text pdf

Sponsored By

Archive: Last Bill Status -


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 14, 2014 referred to insurance

S7381 - Details

See Assembly Version of this Bill:
A5796
Law Section:
Insurance Law
Laws Affected:
Add ยง2346-b, Ins L
Versions Introduced in Previous Legislative Sessions:
2011-2012: A5707
2009-2010: A10826

S7381 - Summary

Directs superintendent of financial services to establish a separate classification for setting rates for liability insurance for installers of wind or solar electric generating systems; provides for a premium reduction to those installers which have no or minimal insurance claims.

S7381 - Sponsor Memo

S7381 - Bill Text download pdf

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

                                  7381

                            I N  S E N A T E

                              May 14, 2014
                               ___________

Introduced  by  Sen.  BOYLE  -- 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 directing  the  super-
  intendent of financial services to establish a separate classification
  for  liability insurance for businesses engaged in the installation of
  wind or solar electric generating systems

  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 section 2346-b
to read as follows:
  S  2346-B. REDUCTION IN RATES OF LIABILITY INSURANCE FOR INSTALLERS OF
WIND OR SOLAR ELECTRIC GENERATING SYSTEMS. (A) FOR THE PURPOSES OF  THIS
SECTION:
  (1)  "SOLAR  ELECTRIC  GENERATING  SYSTEM" MEANS A PHOTOVOLTAIC SYSTEM
THAT IS MANUFACTURED, INSTALLED AND OPERATED IN ACCORDANCE WITH APPLICA-
BLE GOVERNMENT AND INDUSTRY STANDARDS, AND  THAT  IS  CONNECTED  TO  THE
ELECTRIC  SYSTEM  AND  OPERATED  IN  CONJUNCTION WITH AN ELECTRIC CORPO-
RATION'S TRANSMISSION AND DISTRIBUTION FACILITIES.
  (2) "WIND ELECTRIC GENERATING SYSTEM" MEANS ONE OR MORE  WIND  GENERA-
TORS  THAT  ARE  MANUFACTURED, INSTALLED AND OPERATED IN ACCORDANCE WITH
APPLICABLE GOVERNMENT AND INDUSTRY STANDARDS, AND THAT ARE CONNECTED  TO
THE  ELECTRIC  SYSTEM  AND  OPERATED IN PARALLEL WITH AN ELECTRIC CORPO-
RATION'S TRANSMISSION AND DISTRIBUTION FACILITIES.
  (B) THE SUPERINTENDENT SHALL ESTABLISH A SEPARATE  CLASSIFICATION  FOR
THE DETERMINATION OF RATES AND PREMIUMS FOR LIABILITY, MOTOR VEHICLE AND
WORKERS'  COMPENSATION  PROVIDED  TO ANY PERSON OR ENTITY ENGAGED IN THE
BUSINESS OF INSTALLING SOLAR AND/OR WIND ELECTRIC GENERATING SYSTEMS.
  (C) THE SUPERINTENDENT SHALL PROVIDE FOR A REDUCTION IN THE  RATES  OF
LIABILITY,  MOTOR  VEHICLE  AND WORKERS' COMPENSATION INSURANCE PREMIUMS
APPLICABLE TO SOLAR AND/OR WIND ELECTRICITY  GENERATING  SYSTEM  INSTAL-
LERS,  WHEN  SUCH  INSTALLERS HAVE FILED NO OR MINIMAL INSURANCE CLAIMS,
AND ADHERE TO SOUND JOBSITE SAFETY PRACTICES.  THE  REDUCTIONS  PROVIDED
FOR  SHALL  BE  PROPORTIONALLY  RELATED  TO  THE  ACTUARIALLY CALCULABLE
DECREASE IN LOSSES IN THE AFOREMENTIONED CIRCUMSTANCES.

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

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