senate Bill S4010A

2017-2018 Legislative Session

Relates to the authority of assessment corporations to write insurance

download bill text pdf

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Archive: Last Bill Status - In Senate Committee Rules Committee


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

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Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2018 committed to rules
Jun 04, 2018 advanced to third reading
May 31, 2018 2nd report cal.
May 30, 2018 1st report cal.1385
Jan 03, 2018 referred to insurance
returned to senate
died in assembly
Jun 19, 2017 referred to insurance
delivered to assembly
passed senate
ordered to third reading cal.1874
committee discharged and committed to rules
May 15, 2017 print number 4010a
May 15, 2017 amend and recommit to insurance
Feb 01, 2017 referred to insurance

S4010 - Details

See Assembly Version of this Bill:
A8361
Current Committee:
Senate Rules
Law Section:
Insurance Law
Laws Affected:
Amd §6605, Ins L
Versions Introduced in 2019-2020 Legislative Session:
S4081, A7110

S4010 - Summary

Grants authority to assessment corporations to write specified kinds of standalone liability insurance.

S4010 - Sponsor Memo

S4010 - Bill Text download pdf


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

                                  4010

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            February 1, 2017
                               ___________

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

AN ACT to amend the insurance law, in relation to  the  organization  of
  assessment corporations

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

  Section 1. The opening paragraph of subsection (a) of section 6605  of
the  insurance  law  as  added  by  chapter  137 of the laws of 1986, is
amended to read as follows:
  An assessment corporation may be organized and licensed in the  manner
prescribed in section six thousand six hundred three of this article and
may do, in addition to the kind of insurance specified in paragraph four
of  subsection  (a) of section one thousand one hundred thirteen of this
chapter, any one or more of the kinds of insurance  specified  in  para-
graphs five, six, seven and eight of such subsection [solely in conjunc-
tion  with fire insurance written under the same policy and covering the
same premises] and insurance against loss or damage to  property  caused
by aircraft or vehicles in compliance with the following prerequisites:
  §  2.  Subsection (b) of section 6605 of the insurance law, as amended
by chapter 379 of the laws of 2001, is amended to read as follows:
  (b) Any licensed assessment corporation may amend its charter  and  be
licensed  to  do  the  kinds  of insurance specified in paragraphs nine,
thirteen, fourteen and fifteen (except workers' compensation  insurance)
of  subsection  (a) of section one thousand one hundred thirteen of this
chapter [solely in conjunction with fire  insurance  written  under  the
same  policy  and  covering the same premises] and may be licensed to do
the kinds of insurance specified in paragraphs twelve, nineteen (exclud-
ing aircraft physical damage insurance) and twenty (inland marine  only)
of  such  subsection.  AN  ASSESSMENT  CORPORATION LICENSED TO WRITE THE
KINDS OF INSURANCE SPECIFIED IN  PARAGRAPHS  THIRTEEN  AND  FOURTEEN  OF
SUBSECTION  (A)  OF  SECTION  ONE  THOUSAND ONE HUNDRED THIRTEEN OF THIS

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

S4010A (ACTIVE) - Details

See Assembly Version of this Bill:
A8361
Current Committee:
Senate Rules
Law Section:
Insurance Law
Laws Affected:
Amd §6605, Ins L
Versions Introduced in 2019-2020 Legislative Session:
S4081, A7110

S4010A (ACTIVE) - Summary

Grants authority to assessment corporations to write specified kinds of standalone liability insurance.

S4010A (ACTIVE) - Sponsor Memo

S4010A (ACTIVE) - Bill Text download pdf


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

                                 4010--A

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            February 1, 2017
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the Committee  on  Insurance  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT  to  amend the insurance law, in relation to the organization of
  assessment corporations

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

  Section  1. The opening paragraph of subsection (a) of section 6605 of
the insurance law, as added by chapter 137  of  the  laws  of  1986,  is
amended to read as follows:
  An  assessment corporation may be organized and licensed in the manner
prescribed in section six thousand six hundred three of this article and
may do, in addition to the kind of insurance specified in paragraph four
of subsection (a) of section one thousand one hundred thirteen  of  this
chapter,  any  one  or more of the kinds of insurance specified in para-
graphs five, six, seven and eight of such subsection [solely in conjunc-
tion with fire insurance written under the same policy and covering  the
same  premises]  and insurance against loss or damage to property caused
by aircraft or vehicles in compliance with the following prerequisites:
  § 2. Subsection (b) of section 6605 of the insurance law,  as  amended
by chapter 379 of the laws of 2001, is amended to read as follows:
  (b)  Any  licensed assessment corporation may amend its charter and be
licensed to do the kinds of  insurance  specified  in  paragraphs  nine,
thirteen,  fourteen and fifteen (except workers' compensation insurance)
of subsection (a) of section one thousand one hundred thirteen  of  this
chapter  [solely  in  conjunction  with fire insurance written under the
same policy and covering the same premises] and may be  licensed  to  do
the kinds of insurance specified in paragraphs twelve, nineteen (exclud-
ing  aircraft physical damage insurance) and twenty (inland marine only)
of such subsection. AN ASSESSMENT  CORPORATION  LICENSED  TO  WRITE  THE

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

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