|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|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
|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|
senate Bill S4081
Current Bill Status - On Floor Calendar
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4081 (ACTIVE) - Details
S4081 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4081 SPONSOR: SKOUFIS TITLE OF BILL: An act to amend the insurance law, in relation to the organization of assessment corporations PURPOSE OR GENERAL IDEA OF BILL: To clarify that assessment cooperative property and casualty insurance companies are authorized to write umbrella insurance policies and stand- alone liability coverage. SUMMARY OF PROVISIONS: Sections 1, 2 and 3: Amend section 6605 of the Insurance Law to clarify that assessment cooperative property and casualty insurance companies can write both personal and commercial umbrella liability coverage and standalone liability insurance policies. Section 4: Effective date.
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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