|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|May 22, 2019||referred to insurance|
delivered to assembly
|May 15, 2019||advanced to third reading|
|May 14, 2019||2nd report cal.|
|May 13, 2019||1st report cal.663|
|Jan 15, 2019||referred to insurance|
senate Bill S1603
Current Bill Status - Passed Senate
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1603 (ACTIVE) - Details
S1603 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1603 SPONSOR: BRESLIN TITLE OF BILL: An act to amend the insurance law, in relation to excess line coverage for certain medical malpractice insurance PURPOSE: To repeal the requirement that excess line brokers must obtain a decli- nation from the medical malpractice insurance pool before the broker can place primary malpractice insurance in the excess line market SUMMARY OF PROVISIONS: Section 1 amends subsection (e) of section 2118 of the insurance law. Section 2 is the effective date.
S1603 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1603 2019-2020 Regular Sessions I N S E N A T E January 15, 2019 ___________ Introduced by Sen. BRESLIN -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT to amend the insurance law, in relation to excess line coverage for certain medical malpractice insurance THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (e) of section 2118 of the insurance law, as added by chapter 684 of the laws of 1993, subparagraph (A) of paragraph 2 as amended by chapter 587 of the laws of 2002, subparagraph (C) of paragraph 2 as amended by chapter 498 of the laws of 1996, is amended to read as follows: (e)(1) Except as provided in paragraph two of this subsection, no licensee shall be required to obtain a declination from an association established pursuant to article fifty-four or fifty-five of this chap- ter, or to apply for insurance through a plan established pursuant to article fifty-three of this chapter, as a condition of procuring insur- ance pursuant to this section. (2) (A) Unless the licensee obtains a declination from the appropriate association, or from an insurer pursuant to an application for coverage through a plan, no diligent effort shall be considered to have been made if the insurance is available from the plan or association in connection with the placement of: (i) a policy of non-commercial motor vehicle liability insurance; OR (ii) [medical malpractice insurance for a general hospital, as defined in subdivision ten of section two thousand eight hundred one of the public health law, a physician or dentist; or (iii)] insurance which by law must be provided by an authorized insur- er. (B) In connection with the placement of any other kind of insurance, a declination from the appropriate association, or from an insurer pursu- ant to an application for coverage through a plan, shall be required EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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