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Assembly Bill A10155A

2017-2018 Legislative Session

Relates to providing commissions to licensed brokers for services provided to clients who obtain coverage through the state insurance fund

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2017-A10155 - Details

See Senate Version of this Bill:
S7988
Current Committee:
Assembly Labor
Law Section:
Workers' Compensation Law
Laws Affected:
Amd §76, Work Comp L
Versions Introduced in Other Legislative Sessions:
2019-2020: A6831, S3753
2021-2022: S4695
2023-2024: S2835
2025-2026: S5320

2017-A10155 - Summary

Relates to providing a commission schedule to pay licensed insurance brokers for services provided to their clients who obtain coverage through the state insurance fund.

2017-A10155 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10155
 
                           I N  A S S E M B L Y
 
                              March 20, 2018
                                ___________
 
 Introduced  by  M. of A. RYAN -- read once and referred to the Committee
   on Labor
 
 AN ACT to amend the workers' compensation law, in relation to permitting
   the state insurance fund to compensate licensed insurance brokers
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Subdivision  5 of section 76 of the workers' compensation
 law is renumbered subdivision 6 and a new subdivision 5 is added to read
 as follows:
   5. THE PURPOSES OF  SUCH  STATE  INSURANCE  FUND  ARE  HEREBY  FURTHER
 ENLARGED  TO  PERMIT IT TO COMPENSATE LICENSED INSURANCE BROKERS FOR THE
 SERVICES THEY PROVIDE THEIR CLIENTS WHO ARE INSURED IN THE FUND  THROUGH
 THE  PAYMENT  OF  COMMISSIONS.  THE COMMISSIONERS OF THE STATE INSURANCE
 FUND ARE HEREBY AUTHORIZED AND DIRECTED TO ESTABLISH, WITHIN THE  EXIST-
 ING  RATE STRUCTURE, A FACTOR TO COMPENSATE LICENSED INSURANCE PRODUCERS
 FOR THE SERVICES PROVIDED TO THEIR CLIENTS WHO OBTAIN  COVERAGE  THROUGH
 THE FUND.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law.
 
 
 

 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15162-01-8

2017-A10155A (ACTIVE) - Details

See Senate Version of this Bill:
S7988
Current Committee:
Assembly Labor
Law Section:
Workers' Compensation Law
Laws Affected:
Amd §76, Work Comp L
Versions Introduced in Other Legislative Sessions:
2019-2020: A6831, S3753
2021-2022: S4695
2023-2024: S2835
2025-2026: S5320

2017-A10155A (ACTIVE) - Summary

Relates to providing a commission schedule to pay licensed insurance brokers for services provided to their clients who obtain coverage through the state insurance fund.

2017-A10155A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                 10155--A
 
                           I N  A S S E M B L Y
 
                              March 20, 2018
                                ___________
 
 Introduced  by  M. of A. RYAN -- read once and referred to the Committee
   on Labor -- committee discharged, bill amended, ordered  reprinted  as
   amended and recommitted to said committee
 
 AN  ACT to amend the workers' compensation law, in relation to directing
   the state insurance fund to compensate  licensed  insurance  producers
   for  the  services provided to clients who obtain coverage through the
   fund
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Subdivision  5 of section 76 of the workers' compensation
 law is renumbered subdivision 6 and a new subdivision 5 is added to read
 as follows:
   5. THE PURPOSES OF  SUCH  STATE  INSURANCE  FUND  ARE  HEREBY  FURTHER
 ENLARGED  TO  PERMIT IT TO COMPENSATE LICENSED INSURANCE BROKERS FOR THE
 SERVICES THEY PROVIDE THEIR CLIENTS WHO ARE INSURED IN THE FUND  THROUGH
 THE  PAYMENT  OF  COMMISSIONS.  THE COMMISSIONERS OF THE STATE INSURANCE
 FUND ARE HEREBY AUTHORIZED AND DIRECTED TO ESTABLISH, WITHIN THE  EXIST-
 ING  RATE STRUCTURE, A FACTOR TO COMPENSATE LICENSED INSURANCE PRODUCERS
 FOR THE SERVICES PROVIDED TO THEIR CLIENTS WHO OBTAIN  COVERAGE  THROUGH
 THE FUND.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15162-02-8

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