senate Bill S1066

Signed By Governor
2017-2018 Legislative Session

Relates to the state insurance advisory board

download bill text pdf

Sponsored By

Current Bill Status Via A376 - Signed by Governor


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

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Actions

view actions (9)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 15, 2017 signed chap.10
Mar 03, 2017 delivered to governor
Feb 07, 2017 returned to assembly
passed senate
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

S1066 - Details

See Assembly Version of this Bill:
A376
Law Section:
Insurance Law
Laws Affected:
Amd ยง201, Ins L (as proposed in S.7536-A & A.10267-A)
Versions Introduced in Previous Legislative Sessions:
2017-2018: A376, A976
2015-2016: A9327

S1066 - Summary

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

S1066 - Sponsor Memo

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