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Assembly Bill A2243

2015-2016 Legislative Session

Relates to assessment of certain title insurance corporations

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Archive: Last Bill Status - In Assembly Committee

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2015-A2243 (ACTIVE) - Details

See Senate Version of this Bill:
S2359
Current Committee:
Assembly Insurance
Law Section:
Financial Services
Versions Introduced in Other Legislative Sessions:
2013-2014: A10090, S7228
2017-2018: A140, S3889
2019-2020: A68, S3509
2021-2022: A1875

2015-A2243 (ACTIVE) - Summary

Relates to assessment of certain title insurance corporations.

2015-A2243 (ACTIVE) - Bill Text download pdf 

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

                                  2243

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            January 15, 2015
                               ___________

Introduced by M. of A. CAHILL -- read once and referred to the Committee
  on Insurance

AN  ACT  in  relation  to the creation of the title insurance assessment
  relief act

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

  Section  1.  Title  insurance  assessment  relief act. Notwithstanding
section 206 of the financial services law, title insurance  corporations
licensed  under  paragraph  18  of subsection (a) of section 1113 of the
insurance law and domiciled in New  York  state  shall  be  assessed  on
direct premiums written less amounts paid to or retained by title agents
in  this  state  during  the  calendar year ending December thirty-first
immediately preceding the end of the fiscal year for which  the  assess-
ment is made (less return premiums and considerations thereon) for poli-
cies or contracts of insurance covering title in this state the issuance
of  which  policies or contracts requires a license from the superinten-
dent of financial services.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06400-01-5

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