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Assembly Bill A9893

2015-2016 Legislative Session

Relates to allowing electronic delivery of notices of premium finance agencies with insured consent

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Archive: Last Bill Status - In Assembly Committee

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2015-A9893 (ACTIVE) - Details

See Senate Version of this Bill:
S6771
Current Committee:
Assembly Banks
Law Section:
Banking Law
Laws Affected:
Amd ยง554, Bank L
Versions Introduced in 2017-2018 Legislative Session:
A2476, S5061

2015-A9893 (ACTIVE) - Summary

Amends the definition of the term "mail" with respect to allowing electronic delivery of notices of premium finance agencies with insured consent.

2015-A9893 (ACTIVE) - Bill Text download pdf 

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

                                  9893

                          I N  A S S E M B L Y

                             April 22, 2016
                               ___________

Introduced by M. of A. HEVESI -- read once and referred to the Committee
  on Banks

AN  ACT  to  amend  the  banking law, in relation to allowing electronic
  delivery of notices by premium finance agencies with insured consent

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

  Section  1.  Section 554 of the banking law is amended by adding a new
subdivision 10 to read as follows:
  10. "MAIL" MEANS DELIVERY BY UNITED STATES POSTAL SERVICE FIRST  CLASS
MAIL, PERSONAL DELIVERY, OVERNIGHT DELIVERY SERVICE, ELECTRONIC EMAIL OR
FACSIMILE  TRANSMISSION;  PROVIDED  THAT  THE USE OF ELECTRONIC EMAIL OR
FACSIMILE TRANSMISSION BY A PREMIUM FINANCE AGENCY WITH AN INSURED IS IN
COMPLIANCE WITH THE CONSENT REQUIREMENTS OF 15 U.S.C. S 7001(C) AND  THE
REGULATIONS  THEREUNDER,  AS  SUCH  ACT AND REGULATIONS MAY FROM TIME TO
TIME BE AMENDED.
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14133-02-6

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