senate Bill S3505A

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

Sponsored By

Current Bill Status Via A3214 - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 16, 2019 approval memo.47
signed chap.656
Dec 10, 2019 delivered to governor
May 06, 2019 returned to assembly
passed senate
3rd reading cal.248
substituted for s3505a
May 06, 2019 substituted by a3214a
Apr 09, 2019 amended on third reading 3505a
Mar 13, 2019 advanced to third reading
Mar 12, 2019 2nd report cal.
Mar 11, 2019 1st report cal.248
Feb 08, 2019 referred to insurance

Co-Sponsors

S3505 - Details

See Assembly Version of this Bill:
A3214
Law Section:
Financial Services Law
Laws Affected:
Amd §405, Fin Serv L
Versions Introduced in Other Legislative Sessions:
2015-2016: S7572
2017-2018: S696, A8281

S3505 - 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.

S3505 - Sponsor Memo

S3505 - Bill Text download pdf


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

                                  3505

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 8, 2019
                               ___________

Introduced  by  Sens. BRESLIN, SEWARD -- read twice and ordered printed,
  and when printed to be committed to the Committee on Insurance

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

S3505A (ACTIVE) - Details

See Assembly Version of this Bill:
A3214
Law Section:
Financial Services Law
Laws Affected:
Amd §405, Fin Serv L
Versions Introduced in Other Legislative Sessions:
2015-2016: S7572
2017-2018: S696, A8281

S3505A (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.

S3505A (ACTIVE) - Sponsor Memo

S3505A (ACTIVE) - Bill Text download pdf


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

                                 3505--A
    Cal. No. 248

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 8, 2019
                               ___________

Introduced  by  Sens. BRESLIN, SEWARD -- read twice and ordered printed,
  and when printed to be committed to  the  Committee  on  Insurance  --
  reported  favorably  from  said committee, ordered to first and second
  report, ordered to a third reading,  amended  and  ordered  reprinted,
  retaining its place in the order of third reading

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
action  of any nature shall arise against the superintendent or any such

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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