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Assembly Bill A6073

2019-2020 Legislative Session

Allows residents who are employed by employers based in another state to obtain property/casualty or liability coverage under a policy issued to their employer

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Archive: Last Bill Status - In Assembly Committee

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2019-A6073 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §3435, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A2366
2011-2012: A2183
2013-2014: A2793, A8854
2015-2016: A4985
2017-2018: A3372
2021-2022: A6507
2023-2024: A1466
2025-2026: A853

2019-A6073 (ACTIVE) - Summary

Allows residents who are employed by employers based in another state to obtain property/casualty or liability coverage under a policy issued to their employer in that state.

2019-A6073 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6073
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 26, 2019
                                ___________
 
 Introduced by M. of A. BARCLAY, FINCH, HAWLEY, CROUCH -- Multi-Sponsored
   by  --  M. of A. DeSTEFANO, MANKTELOW -- read once and referred to the
   Committee on Insurance
 
 AN  ACT  to  amend   the   insurance   law,   in   relation   to   group
   property/casualty insurance

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 3435 of the insurance law is amended  by  adding  a
 new subsection (e) to read as follows:
   (E) NEITHER THE PROVISIONS OF THIS SECTION NOR ANY OTHER PROVISIONS OF
 THIS  CHAPTER  SHALL  SERVE  TO PREVENT THE ISSUANCE OF A CERTIFICATE OF
 GROUP PROPERTY/CASUALTY OR LIABILITY INSURANCE ISSUED TO A  RESIDENT  OF
 THIS  STATE  WHEN  SUCH  CERTIFICATE  IS  ISSUED  UNDER  A MASTER POLICY
 PROCURED BY AN EMPLOYER BASED IN ANOTHER STATE, PROVIDED (I) THE  POLICY
 IS  AN APPROVED POLICY ISSUED BY AN INSURER LICENSED IN SUCH STATE, (II)
 THE POLICY HAS BEEN APPROVED FOR SALE IN SUCH STATE, AND (III)  PROVIDED
 THE  CERTIFICATE  IS  ISSUED  WITHOUT COST TO THE NEW YORK RESIDENT. ANY
 SUCH CERTIFICATE ISSUED TO A NEW YORK  RESIDENT  SHALL  STATE  THAT  THE
 INSURANCE  PROVIDED THEREUNDER IS NOT REGULATED BY THE STATE OF NEW YORK
 AND NOT SUBJECT TO CONSUMER PROTECTIONS OTHERWISE AFFORDED BY THIS CHAP-
 TER.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02428-01-9

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