|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Feb 07, 2017||returned to assembly|
3rd reading cal.20
substituted for s1066
|Feb 07, 2017||substituted by a376|
|Jan 09, 2017||ordered to third reading cal.20|
|Jan 06, 2017||referred to rules|
senate Bill S1066
Current Bill Status Via A376 - Passed Senate & Assembly
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1066 - Details
S1066 - Sponsor Memo
BILL NUMBER: S1066 Revised 01/06/17 TITLE OF BILL : An act to amend the insurance law, in relation to the state insurance advisory board PURPOSE : The purpose of this bill is to make amendments to Chapter 515 of the Laws of 2016 as proposed in legislative bills numbers S.7536-A and A.10267-A. SUMMARY OF PROVISIONS : Section 1. This bill would amend section 201 of the insurance law to establish that the State Insurance Advisory Board will consist of ten members, including seven representatives of domestic insurance companies, one insurance producer, and two consumer representatives. Additionally, this bill provides that the board shall meet at least annually and that such meetings may be held by means of conference telephone. This bill would also clarify the factors that the State Insurance Advisory Board may consider in order to encourage the growth of the insurance industry in the state.
S1066 - 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: S 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. LBD07082-01-7
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