senate Bill S4081

2019-2020 Legislative Session

Relates to the authority of assessment corporations to write insurance

download bill text pdf

Sponsored By

Current Bill Status - Passed Senate


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

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Actions

view actions (16)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 10, 2020 referred to insurance
delivered to assembly
passed senate
Jan 29, 2020 advanced to third reading
Jan 28, 2020 2nd report cal.
Jan 27, 2020 1st report cal.291
Jan 08, 2020 referred to insurance
returned to senate
died in assembly
Mar 14, 2019 referred to insurance
delivered to assembly
passed senate
Mar 13, 2019 advanced to third reading
Mar 12, 2019 2nd report cal.
Mar 11, 2019 1st report cal.251
Feb 27, 2019 referred to insurance

Votes

view votes

Jan 27, 2020 - Insurance committee Vote

S4081
11
0
committee
11
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Insurance committee vote details

Insurance Committee Vote: Jan 27, 2020

Mar 11, 2019 - Insurance committee Vote

S4081
11
0
committee
11
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Insurance committee vote details

Insurance Committee Vote: Mar 11, 2019

Co-Sponsors

S4081 (ACTIVE) - Details

See Assembly Version of this Bill:
A7110
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §6605, Ins L
Versions Introduced in 2017-2018 Legislative Session:
S4010, A8361

S4081 (ACTIVE) - Summary

Grants authority to assessment corporations to write specified kinds of standalone liability insurance.

S4081 (ACTIVE) - Sponsor Memo

S4081 (ACTIVE) - Bill Text download pdf


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

                                  4081

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                            February 27, 2019
                               ___________

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

AN  ACT  to  amend the insurance law, in relation to the organization of
  assessment corporations

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. The opening paragraph of subsection (a) of section 6605 of
the insurance law, as added by chapter 137  of  the  laws  of  1986,  is
amended to read as follows:
  An  assessment corporation may be organized and licensed in the manner
prescribed in section six thousand six hundred three of this article and
may do, in addition to the kind of insurance specified in paragraph four
of subsection (a) of section one thousand one hundred thirteen  of  this
chapter,  any  one  or more of the kinds of insurance specified in para-
graphs five, six, seven and eight of such subsection [solely in conjunc-
tion with fire insurance written under the same policy and covering  the
same  premises]  and insurance against loss or damage to property caused
by aircraft or vehicles in compliance with the following prerequisites:
  § 2. Subsection (b) of section 6605 of the insurance law,  as  amended
by chapter 379 of the laws of 2001, is amended to read as follows:
  (b)  Any  licensed assessment corporation may amend its charter and be
licensed to do the kinds of  insurance  specified  in  paragraphs  nine,
thirteen,  fourteen and fifteen (except workers' compensation insurance)
of subsection (a) of section one thousand one hundred thirteen  of  this
chapter  [solely  in  conjunction  with fire insurance written under the
same policy and covering the same premises] and may be  licensed  to  do
the kinds of insurance specified in paragraphs twelve, nineteen (exclud-
ing  aircraft physical damage insurance) and twenty (inland marine only)
of such subsection. AN ASSESSMENT  CORPORATION  LICENSED  TO  WRITE  THE
KINDS  OF  INSURANCE  SPECIFIED  IN  PARAGRAPHS THIRTEEN AND FOURTEEN OF

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.

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