senate Bill S7764

Signed By Governor
2013-2014 Legislative Session

Relates to authorization to set certain insurance rates for risk-based capital and property/casualty and insurance and health maintenance organizations; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status -

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

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view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 30, 2014 signed chap.78
delivered to governor
Jun 19, 2014 returned to senate
passed assembly
ordered to third reading rules cal.507
substituted for a10013
Jun 10, 2014 referred to insurance
delivered to assembly
passed senate
Jun 09, 2014 ordered to third reading cal.1226
committee discharged and committed to rules
Jun 05, 2014 referred to insurance

S7764 - Details

See Assembly Version of this Bill:
Law Section:
Insurance Law
Laws Affected:
Rpld ยง2341, amd Ins L, generally

S7764 - Summary

Relates to authorization to set certain insurance rates for risk-based capital and property/casualty and insurance and health maintenance organizations.

S7764 - Sponsor Memo

S7764 - Bill Text download pdf

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


                            I N  S E N A T E

                              June 5, 2014

Introduced  by  Sen.  SEWARD -- 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  expanding  the  defi-
  nition of a domestic insurer and the applicability of risk-based capi-
  tal  to certain health organizations (Part A); and to amend the insur-
  ance law, in relation to extending prior approval  for  certain  motor
  vehicle insurance rates, adding an additional date for the superinten-
  dent  to  collect,  analyze  and  compile  periodic  reports regarding
  certain property/casualty insurance policies, extending the  date  for
  exemptions   on  certain  property/casualty  insurance  policies,  and
  extending certain rate periods, in relation  to  extending  additional
  powers of the New York property insurance underwriting association and
  in   relation   to   extending  the  authority  for  certain  domestic
  property/casualty insurers to write in the free  trade  zone;  and  to
  repeal  section  2341  of  such law relating to the consumers advisory
  council; business advisory council (Part B)


  Section 1. This act enacts into law components of legislation relating
to  risk-based  capital,  property/casualty  insurance  provisions  that
sunset.  Each component is wholly contained within a Part identified  as
Parts  A  and  B.  The  effective  date  for  each  particular provision
contained within such Part is set forth in  the  last  section  of  such
Part.  Any  provision  in any section contained within a Part, including
the effective date of the Part, which makes a reference to a section "of
this act", when used in connection with that particular component, shall
be deemed to mean and refer to the corresponding section of the Part  in
which  it  is  found.  Section  three of this act sets forth the general
effective date of this act.

                                 PART A

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


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