Assembly Bill A3214A

Signed By Governor
2019-2020 Legislative Session

Relates to immunity from civil liability for certain information from the National Insurance Crime Bureau

download bill text pdf

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Archive: Last Bill Status - 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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Bill Amendments

co-Sponsors

multi-Sponsors

2019-A3214 - Details

See Senate Version of this Bill:
S3505
Law Section:
Financial Services Law
Laws Affected:
Amd §405, Fin Serv L
Versions Introduced in Other Legislative Sessions:
2015-2016: S7572
2017-2018: A8281, S696

2019-A3214 - Summary

Relates to immunity from civil liability and information furnished to or from the National Insurance Crime Bureau, which is dedicated to the investigation and prosecution of the banking law or the insurance law.

2019-A3214 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3214
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 28, 2019
                                ___________
 
 Introduced  by  M.  of  A. COOK, WRIGHT -- read once and referred to the
   Committee on Banks
 
 AN ACT to amend the financial services law, in relation to immunity from
   civil liability for certain information relating to insurance or bank-
   ing violations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  405  of the financial services law is amended to
 read as follows:
   § 405. Immunity. In the absence of  fraud  or  bad  faith,  no  person
 subject to the provisions of this chapter, the banking law or the insur-
 ance  law  shall  be  subject  to civil liability, and no civil cause of
 action of any nature shall arise against such person for any: (a) infor-
 mation relating to suspected violations of the banking law or the insur-
 ance law furnished  to  law  enforcement  officials,  their  agents  and
 employees; (b) information relating to suspected violations of the bank-
 ing  law  or the insurance law furnished to other persons subject to the
 provisions of this chapter; [and] (c) information furnished  in  reports
 to  the  financial  frauds  and  consumer protection unit, its agents or
 employees or any state agency investigating fraud or misconduct relating
 to financial  fraud,  its  agents  or  employees;  AND  (D)  INFORMATION
 FURNISHED TO OR FROM A NOT-FOR-PROFIT ORGANIZATION DEDICATED TO INVESTI-
 GATION  AND  ENFORCEMENT  OF  THE BANKING LAW OR THE INSURANCE LAW.  The
 superintendent or any employee of  the  financial  frauds  and  consumer
 protection  unit,  in  the  absence  of fraud or bad faith, shall not be
 subject to civil liability and no civil cause of action  of  any  nature
 shall arise against the superintendent or any such employee by virtue of
 the publication of any report or bulletin related to the official activ-
 ities  of  the  financial  frauds  and consumer protection unit. Nothing
 herein is intended to abrogate or modify in any way any common law priv-
 ilege or immunity heretofore enjoyed by any person.
   § 2. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

co-Sponsors

multi-Sponsors

2019-A3214A (ACTIVE) - Details

See Senate Version of this Bill:
S3505
Law Section:
Financial Services Law
Laws Affected:
Amd §405, Fin Serv L
Versions Introduced in Other Legislative Sessions:
2015-2016: S7572
2017-2018: A8281, S696

2019-A3214A (ACTIVE) - Summary

Relates to immunity from civil liability and information furnished to or from the National Insurance Crime Bureau, which is dedicated to the investigation and prosecution of the banking law or the insurance law.

2019-A3214A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3214--A
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 28, 2019
                                ___________
 
 Introduced  by  M. of A. COOK, WRIGHT, DICKENS, GOTTFRIED, SAYEGH, HYND-
   MAN, RICHARDSON, GRIFFIN, TAYLOR, WILLIAMS, ARROYO --  Multi-Sponsored
   by  --  M. of A.   BUTTENSCHON, SIMON -- read once and referred to the
   Committee on Banks -- reported and referred to the Committee on  Codes
   --  committee  discharged,  bill amended, ordered reprinted as amended
   and recommitted to said committee
 
 AN ACT to amend the financial services law, in relation to immunity from
   civil liability for certain information relating to insurance or bank-
   ing violations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  405  of the financial services law is amended to
 read as follows:
   § 405. Immunity. In the absence of  fraud  or  bad  faith,  no  person
 subject to the provisions of this chapter, the banking law or the insur-
 ance  law  shall  be  subject  to civil liability, and no civil cause of
 action of any nature shall arise against such person for any: (a) infor-
 mation relating to suspected violations of the banking law or the insur-
 ance law furnished  to  law  enforcement  officials,  their  agents  and
 employees; (b) information relating to suspected violations of the bank-
 ing  law  or the insurance law furnished to other persons subject to the
 provisions of this chapter; [and] (c) information furnished  in  reports
 to  the  financial  frauds  and  consumer protection unit, its agents or
 employees or any state agency investigating fraud or misconduct relating
 to financial  fraud,  its  agents  or  employees;  AND  (D)  INFORMATION
 FURNISHED  TO  OR  FROM  THE  NATIONAL  INSURANCE  CRIME BUREAU. FOR THE
 PURPOSES OF THIS SECTION  THE  NATIONAL  INSURANCE  CRIME  BUREAU  IS  A
 NONPROFIT  DEDICATED TO INVESTIGATION AND ENFORCEMENT OF THE BANKING LAW
 OR THE INSURANCE LAW.  The superintendent or any employee of the  finan-
 cial frauds and consumer protection unit, in the absence of fraud or bad
 faith,  shall  not  be  subject to civil liability and no civil cause of
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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