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Assembly Bill A6831

2019-2020 Legislative Session

Relates to providing commissions to licensed brokers for services provided to clients who obtain coverage through the state insurance fund

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Archive: Last Bill Status - In Assembly Committee

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2019-A6831 (ACTIVE) - Details

See Senate Version of this Bill:
S3753
Current Committee:
Assembly Labor
Law Section:
Workers' Compensation Law
Laws Affected:
Amd §76, Work Comp L
Versions Introduced in Other Legislative Sessions:
2017-2018: A10155, S7988
2021-2022: S4695
2023-2024: S2835
2025-2026: S5320

2019-A6831 (ACTIVE) - Summary

Relates to providing a commission schedule to pay licensed insurance brokers for services provided to their clients who obtain coverage through the state insurance fund.

2019-A6831 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6831
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 20, 2019
                                ___________
 
 Introduced  by  M. of A. RYAN -- read once and referred to the Committee
   on Labor
 
 AN ACT to amend the workers' compensation law, in relation to  directing
   the  state  insurance  fund to compensate licensed insurance producers
   for the services provided to clients who obtain coverage  through  the
   fund

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 5 of section 76 of  the  workers'  compensation
 law is renumbered subdivision 6 and a new subdivision 5 is added to read
 as follows:
   5.  THE  PURPOSES  OF  SUCH  STATE  INSURANCE  FUND ARE HEREBY FURTHER
 ENLARGED TO PERMIT IT TO COMPENSATE LICENSED INSURANCE BROKERS  FOR  THE
 SERVICES  THEY PROVIDE THEIR CLIENTS WHO ARE INSURED IN THE FUND THROUGH
 THE PAYMENT OF COMMISSIONS. THE COMMISSIONERS  OF  THE  STATE  INSURANCE
 FUND  ARE HEREBY AUTHORIZED AND DIRECTED TO ESTABLISH, WITHIN THE EXIST-
 ING RATE STRUCTURE, A FACTOR TO COMPENSATE LICENSED INSURANCE  PRODUCERS
 FOR  THE  SERVICES PROVIDED TO THEIR CLIENTS WHO OBTAIN COVERAGE THROUGH
 THE FUND.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08921-01-9

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