senate Bill S2152

Signed By Governor
2015-2016 Legislative Session

Relates to waivers for families of victims of terrorist attacks

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A2026 - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

Your Voice

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

view actions (10)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Oct 05, 2015 signed chap.361
Oct 01, 2015 delivered to governor
Jun 24, 2015 returned to assembly
passed senate
substituted for s2152
Jun 24, 2015 substituted by a2026
Jun 08, 2015 advanced to third reading
Jun 03, 2015 2nd report cal.
Jun 02, 2015 1st report cal.1226
Jan 21, 2015 referred to judiciary

S2152 (ACTIVE) - Details

See Assembly Version of this Bill:
A2026
Law Section:
General Obligations Law
Laws Affected:
Amd ยง5-1708-a, Gen Ob L

S2152 (ACTIVE) - Summary

Relates to waivers for families of victims of terrorist attacks.

S2152 (ACTIVE) - Sponsor Memo

S2152 (ACTIVE) - Bill Text download pdf

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

                                  2152

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            January 21, 2015
                               ___________

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

AN ACT to amend the general obligations law, in relation to waivers  for
  families of victims of terrorist attacks

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

  Section 1. Section 5-1708-a of the general obligations law,  as  added
by  chapter  568  of  the  laws  of  2003 and subdivision (d) as further
amended by section 104 of part A of chapter 62 of the laws of  2011,  is
amended to read as follows:
  S  5-1708-a.  Waiver  for  families  of  victims of terrorist attacks.
Notwithstanding the provisions of  section  four  thousand  two  hundred
twenty-four of the insurance law:
  (a)  An annuity issuer, or an employee or other representative of such
issuer, shall be permitted to waive or offer to waive the commission  or
other  compensation otherwise payable thereto as a result of the sale of
a policy or contract subject to the provisions of section four  thousand
two  hundred twenty-four of the insurance law to a member of the immedi-
ate family of a person who was a victim of the September  eleventh,  two
thousand  one terrorist attacks against the United States OR ANY TERROR-
IST ATTACK AS DEFINED BY SUBDIVISION (E) OF THIS SECTION; and
  (b) In connection with such waiver, the insurance company may, at  the
election of the policyowner or contract owner:
  (i)  contribute  the amount of such waived commission or other compen-
sation to a charitable  organization  that  meets  the  requirements  of
section  501(c)(3) of the Internal Revenue Code of 1986, as amended, and
is organized for the benefit of families of  victims  of  [such  attack]
TERRORIST ATTACKS; or
  (ii) deduct from the premium an amount equal to such waived commission
or other compensation otherwise payable thereto as a result of the sale.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04959-01-5

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. 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.