Senate Bill S1066

Signed By Governor
2017-2018 Legislative Session

Relates to the state insurance advisory board

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A376 - Signed by Governor


  • 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

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2017-S1066 (ACTIVE) - Details

See Assembly Version of this Bill:
A376
Law Section:
Insurance Law
Laws Affected:
Amd §201, Ins L (as proposed in S.7536-A & A.10267-A)

2017-S1066 (ACTIVE) - Summary

Relates to the establishment, membership and duties of the state insurance advisory board.

2017-S1066 (ACTIVE) - Sponsor Memo

2017-S1066 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1066
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              January 6, 2017
                                ___________
 
 Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the insurance law, in relation to  the  state  insurance
   advisory board
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Section 201 of the insurance law, as added by a chapter  of
 the  laws of 2016, amending the insurance law relating to the establish-
 ment of a state insurance advisory board,  as  proposed  in  legislative
 bills numbers S.7536-A and A.10267-A, is amended to read as follows:
   §  201. State insurance advisory board. (a) There shall be [within the
 department] a state insurance advisory board to  work  with  the  super-
 intendent  in  ENCOURAGING AND promoting the [development and] growth of
 the insurance industry in the  state,  AND  FURTHER  THE  GOALS  OF  THE
 DEPARTMENT'S  MISSION  AS  IT  RELATES  TO THE INSURANCE INDUSTRY. There
 shall be [seventeen] TEN members of the  advisory  board  who  shall  be
 appointed  by  the  superintendent.  The  membership shall consist of [:
 nine] SEVEN representatives of domestic insurance companies[;  and  five
 representatives  of  foreign  insurance  companies]  that, to the extent
 practicable, reflect a range of size and  geographical  location  within
 the  state.  The  membership  shall  also  include  [two]  ONE insurance
 [producers] PRODUCER and [one] TWO [representative]  REPRESENTATIVES  of
 consumers.  The  superintendent shall make rules to govern the method by
 which insurers may nominate persons to the board  and  the  process  for
 selecting  such  members,  provided that the representative of consumers
 shall be selected by the superintendent. The term of each member of such
 advisory board shall be three years, or until a successor  is  appointed
 and  vacancies  shall  be filled for the unexpired term only.  The board
 shall meet at least [three times] annually pursuant to the call  of  the
 superintendent.  SUCH MEETINGS MAY BE PRESIDED OVER BY A DESIGNEE OF THE
 SUPERINTENDENT AND MAY BE HELD BY MEANS OF  A  CONFERENCE  TELEPHONE  OR
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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