Do you support this bill?

Senate Bill S4012

2013-2014 Legislative Session

Authorizes and directs the superintendent of financial services to conduct a study concerning the potential effect of a disaster on the insurance industry of this state

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Insurance Committee

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

2013-S4012 (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance
Versions Introduced in Other Legislative Sessions:
2009-2010: S6465
2011-2012: S3604

2013-S4012 (ACTIVE) - Summary

Authorizes and directs the superintendent of financial services to conduct a study concerning the potential effect of a disaster on the insurance industry of this state.

2013-S4012 (ACTIVE) - Sponsor Memo

2013-S4012 (ACTIVE) - Bill Text download pdf 

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

                                  4012

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              March 4, 2013
                               ___________

Introduced  by  Sen.  ADAMS  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Insurance

AN ACT in relation to authorizing and directing  the  superintendent  of
  financial  services to conduct a study concerning the potential effect
  of a disaster on the insurance industry of this state

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

  Section 1. Notwithstanding any other provision of law, the superinten-
dent  of financial services, in consultation with the office of homeland
security, is hereby authorized and directed to prepare or  cause  to  be
prepared  a study to examine, evaluate and make recommendations concern-
ing the potential effect of a disaster,  catastrophic  event,  state  of
emergency  or  any  other event of major destructive consequences on the
insurance industry of this state. Such study shall include the effect of
both natural and man-made disasters within its scope. Natural  disasters
to  be studied shall include, but not be limited to, disasters occurring
from rain, sleet, ice, snow, wind or  extreme  heat  or  cold.  Man-made
disasters  to  be  studied shall include, but not be limited to, acts of
terrorism, acts of war, strikes or mass riots. Such  study  shall  focus
primarily  on  the preparedness and ability of the insurance industry to
function in the event of such a disaster and what procedures and  proto-
cols  may  be  implemented to improve such functionality, as well as any
other issues the superintendent of financial services deems relevant.
  S 2. The superintendent of financial  services  shall  report  to  the
governor  and  the  legislature  the  findings  of the study required by
section one of this act along with his  or  her  recommendations  on  or
before January 1, 2014.
  S 3. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05550-01-3

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.