Assembly Bill A6299

2015-2016 Legislative Session

Requires a reduction in the premium for fire insurance on a historic site with a sprinkler system and owned by a nonprofit corporation

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • 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

Do you support this bill?

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

2015-A6299 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add §2346-b, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A5514
2011-2012: A4613
2013-2014: A5481
2017-2018: A6850
2019-2020: A5805

2015-A6299 (ACTIVE) - Summary

Requires a reduction in the premium for fire insurance on a historic site with a sprinkler system and owned by a nonprofit corporation.

2015-A6299 (ACTIVE) - Bill Text download pdf 

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

                                  6299

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             March 20, 2015
                               ___________

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

AN ACT to amend the insurance law, in relation to requiring reduction in
  rates of premiums  for  commercial  risk  fire  insurance  on  certain
  historic sites owned and operated by a not-for-profit corporation

  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 COMMERCIAL RISK FIRE INSURANCE  PREMI-
UMS;  NONPROFIT  HISTORIC SITES. THE SUPERINTENDENT SHALL PROVIDE FOR AN
ACTUARIALLY APPROPRIATE REDUCTION IN THE RATES  OF  THE  FIRE  INSURANCE
COMPONENT OF COMMERCIAL RISK INSURANCE PREMIUMS APPLICABLE TO A HISTORIC
SITE,  AS  DEFINED IN SUBDIVISION FOURTEEN OF SECTION 1.03 OF THE PARKS,
RECREATION AND HISTORIC PRESERVATION  LAW,  EQUIPPED  WITH  AN  APPROVED
SPRINKLER SYSTEM AND OWNED AND OPERATED BY A NOT-FOR-PROFIT CORPORATION.
  S  2.  This  act  shall take effect on the sixtieth day after it shall
have become a law, and shall apply  to  all  policies  issued,  renewed,
modified,  altered  or  amended on or after such date; provided that any
and all rules and regulations and any other measures necessary to imple-
ment any provision of this act on its effective date shall be promulgat-
ed and taken on or before such date.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10025-01-5

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.