Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 30, 2013 |
signed chap.80 |
Jun 26, 2013 |
delivered to governor |
Jun 20, 2013 |
returned to assembly passed senate 3rd reading cal.1504 substituted for s5704 |
Jun 20, 2013 |
substituted by a7388 ordered to third reading cal.1504 committee discharged and committed to rules |
Jun 06, 2013 |
referred to insurance |
Senate Bill S5704
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status Via A7388 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2013-S5704 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A7388
- Law Section:
- Insurance
- Laws Affected:
- Amd §2, Chap 673 of 2005
2013-S5704 (ACTIVE) - Sponsor Memo
BILL NUMBER:S5704 TITLE OF BILL: An act to amend chapter 673 of the laws of 2005, amending the insurance law relating to excess medical malpractice insurance, in relation to the effectiveness of the provisions of such chapter PURPOSE: This bill would extend until July 1, 2018 the elimination of the requirement that the Medical Malpractice Insurance Pool offer a second layer of excess medical malpractice insurance coverage. SUMMARY OF PROVISIONS: This bill would extend from July 1, 2013 to July 1, 2018 the statutory clarification that the Medical Malpractice Insurance Pool (MMIP) is not required to offer a second layer of excess medical malpractice insurance coverage. JUSTIFICATION: In 1999, legislation was passed to dissolve the Medical Malpractice Insurance Association ("MMIA"), the market of last resort for medical malpractice insurance (Chapter 407 of the laws of 1999). Upon MMIA's dissolution, the MMIP was established as a source of medical malpractice insurance for health care providers who were unable to procure such insurance in the voluntary market. Chapter 407 required that upon initial distribution, i.e., the July 1, 2000 through June 30, 2001 policy year, MMIA insureds were to-receive policies with provisions and at rates which were at least as favorable to the insureds as what they would have received upon renewal had MMIA
2013-S5704 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5704 2013-2014 Regular Sessions I N S E N A T E June 6, 2013 ___________ Introduced by Sen. SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT to amend chapter 673 of the laws of 2005, amending the insurance law relating to excess medical malpractice insurance, in relation to the effectiveness of the provisions of such chapter THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2 of chapter 673 of the laws of 2005 amending the insurance law relating to excess medical malpractice insurance, as amended by chapter 132 of the laws of 2008, is amended to read as follows: S 2. This act shall take effect January 1, 2006 and shall expire and be deemed repealed July 1, [2013] 2018. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10835-01-3
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