senate Bill S4719

2017-2018 Legislative Session

Promotes competitive property and casualty insurance markets for business to business insurance transactions

download bill text pdf

Sponsored By

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 (7)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 20, 2018 committed to rules
May 09, 2018 advanced to third reading
May 08, 2018 2nd report cal.
May 07, 2018 1st report cal.1039
Jan 03, 2018 referred to insurance
Jun 05, 2017 reported and committed to rules
Feb 24, 2017 referred to insurance

Votes

view votes

May 7, 2018 - Insurance committee Vote

S4719
12
0
committee
12
Aye
0
Nay
6
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Insurance committee vote details

Jun 5, 2017 - Insurance committee Vote

S4719
19
0
committee
19
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Insurance committee vote details

S4719 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Insurance Law
Laws Affected:
Amd §§2302 & 3201, Ins L
Versions Introduced in 2019-2020 Legislative Session:
S3625

S4719 (ACTIVE) - Summary

Promotes competitive property and casualty insurance markets for business to business insurance transactions.

S4719 (ACTIVE) - Sponsor Memo

S4719 (ACTIVE) - Bill Text download pdf


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

                                  4719

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            February 24, 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 promoting  competitive
  property  and  casualty  insurance  markets  for  business to business
  insurance transactions

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

  Section  1.  This  act shall be known and may be cited as the "Compet-
itive Commercial Insurance Markets Act".
  § 2. Section 2302  of  the  insurance  law,  paragraphs  5  and  6  of
subsection  (a) as amended and paragraph 7 of subsection (a) as added by
chapter 614 of the laws of 1997, is amended to read as follows:
  § 2302. Applicability. (a) This article shall apply to  all  kinds  of
insurance  written  on  risks  or operations in this state by an insurer
authorized to do business in this state except:
  (1) reinsurance (other than joint reinsurance to the extent stated  in
section two thousand three hundred seventeen of this article);
  (2) accident and health insurance;
  (3)  annuities, life insurance, including provisions for non-cancella-
ble disability benefits in conjunction therewith;
  (4) marine insurance (other  than  PERSONAL  inland  marine  insurance
COVERING  PROPERTY OF INDIVIDUALS OR HOUSEHOLDS and insurance upon auto-
mobiles[, airplanes, seaplanes, dirigibles or other aircraft]);
  (5) marine protection and indemnity insurance;
  (6) insurance issued  by  an  assessment  cooperative  fire  insurance
company; [and]
  (7) service contract reimbursement insurance; AND
  (8) COMMERCIAL LINES SPECIALTY INSURANCE, WHICH INCLUDES:
  (I) AIRCRAFT LIABILITY AND HULL INSURANCE;
  (II) SURETY AND FIDELITY INSURANCE;
  (III) COMMERCIAL INLAND MARINE INSURANCE;

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

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