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Assembly Bill A5812

2019-2020 Legislative Session

Directs superintendent of financial services to establish a separate classification for liability insurance for installers of wind or solar electric generating systems

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Archive: Last Bill Status - In Assembly Committee

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2019-A5812 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add §2346-b, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A10826
2011-2012: A5707
2013-2014: A5796
2015-2016: A6466
2017-2018: A6870

2019-A5812 (ACTIVE) - Summary

Directs superintendent of financial services to establish a separate classification for setting rates for liability insurance for installers of wind or solar electric generating systems; provides for a premium reduction to those installers which have no or minimal insurance claims.

2019-A5812 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5812
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 19, 2019
                                ___________
 
 Introduced  by M. of A. ENGLEBRIGHT, COLTON, FINCH -- Multi-Sponsored by
   -- M. of A.  McDONOUGH -- read once and referred to the  Committee  on
   Insurance
 
 AN  ACT  to amend the insurance law, in relation to directing the super-
   intendent of financial services to establish a separate classification
   for liability insurance for businesses engaged in the installation  of
   wind or solar electric generating systems
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The insurance law is amended by adding a new section 2346-b
 to read as follows:
   § 2346-B. REDUCTION IN RATES OF LIABILITY INSURANCE FOR INSTALLERS  OF
 WIND  OR SOLAR ELECTRIC GENERATING SYSTEMS. (A) FOR THE PURPOSES OF THIS
 SECTION:
   (1) "SOLAR ELECTRIC GENERATING SYSTEM"  MEANS  A  PHOTOVOLTAIC  SYSTEM
 THAT IS MANUFACTURED, INSTALLED AND OPERATED IN ACCORDANCE WITH APPLICA-
 BLE  GOVERNMENT  AND  INDUSTRY  STANDARDS,  AND THAT IS CONNECTED TO THE
 ELECTRIC SYSTEM AND OPERATED IN  CONJUNCTION  WITH  AN  ELECTRIC  CORPO-
 RATION'S TRANSMISSION AND DISTRIBUTION FACILITIES.
   (2)  "WIND  ELECTRIC GENERATING SYSTEM" MEANS ONE OR MORE WIND GENERA-
 TORS THAT ARE MANUFACTURED, INSTALLED AND OPERATED  IN  ACCORDANCE  WITH
 APPLICABLE  GOVERNMENT AND INDUSTRY STANDARDS, AND THAT ARE CONNECTED TO
 THE ELECTRIC SYSTEM AND OPERATED IN PARALLEL  WITH  AN  ELECTRIC  CORPO-
 RATION'S TRANSMISSION AND DISTRIBUTION FACILITIES.
   (B)  THE  SUPERINTENDENT SHALL ESTABLISH A SEPARATE CLASSIFICATION FOR
 THE DETERMINATION OF RATES AND PREMIUMS FOR LIABILITY, MOTOR VEHICLE AND
 WORKERS' COMPENSATION PROVIDED TO ANY PERSON OR ENTITY  ENGAGED  IN  THE
 BUSINESS OF INSTALLING SOLAR AND/OR WIND ELECTRIC GENERATING SYSTEMS.
   (C)  THE  SUPERINTENDENT SHALL PROVIDE FOR A REDUCTION IN THE RATES OF
 LIABILITY, MOTOR VEHICLE AND WORKERS'  COMPENSATION  INSURANCE  PREMIUMS
 APPLICABLE  TO  SOLAR  AND/OR WIND ELECTRICITY GENERATING SYSTEM INSTAL-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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