Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 03, 2019 |
signed chap.70 |
Jun 28, 2019 |
delivered to governor |
Feb 26, 2019 |
returned to senate passed assembly ordered to third reading cal.43 substituted for a3676 |
Feb 11, 2019 |
referred to insurance delivered to assembly passed senate |
Jan 28, 2019 |
advanced to third reading |
Jan 23, 2019 |
2nd report cal. |
Jan 22, 2019 |
1st report cal.21 |
Jan 09, 2019 |
referred to insurance |
Senate Bill S642
Signed By Governor2019-2020 Legislative Session
Sponsored By
(D, WF) 46th Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2019-S642 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A3676
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §5402, Ins L
2019-S642 (ACTIVE) - Sponsor Memo
BILL NUMBER: S642 SPONSOR: BRESLIN TITLE OF BILL: An act to amend the insurance law, in relation to the issuance of broad form coverage by the joint underwriting association PURPOSE OF THE BILL: The purpose of this bill is to extend for an additional five year period NYPIUA's authority to provide consumers with enhanced property insurance coverage. SUMMARY OF PROVISIONS: Section 1 of the bill would amend the insurance law to extend the authority of NYPIUA to offer broad form coverage from 10 years to 15 years from June 30, 2009. Section 2 provides for an effective date. LEGISLATIVE HISTORY:
2019-S642 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 642 2019-2020 Regular Sessions I N S E N A T E (PREFILED) January 9, 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 the issuance of broad form coverage by the joint underwriting association THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (g) of section 5402 of the insurance law, as amended by chapter 542 of the laws of 2013, is amended to read as follows: (g) In addition to fire insurance, extended coverage, coverage for additional perils and homeowners insurance should the same be made available through the association in accordance with a determination of necessity pursuant to section five thousand four hundred twelve of this article, the association may offer broad form coverage to applicants seeking to insure real property at fixed locations of this state, or the tangible personal property located thereon. The association may offer broad form coverage for a period of [ten] FIFTEEN years beginning on June thirtieth, two thousand eight. On or before October first, two thousand seventeen the superintendent shall require the association to report to him or her as to the number of policies written pursuant to this subsection and paragraph three of subsection (f) of section five thousand four hundred five of this article, and any other information the superintendent may require. On or before January first, two thousand eighteen, the superintendent shall report to the governor and the legis- lature regarding the number of policies issued pursuant to this section and such paragraph and shall include recommendations as to the continua- tion of such insurance offerings. § 2. This act shall take effect immediately; provided, however that if this act shall not have become a law on or before June 30, 2018, section one of this act shall be deemed to have been in full force and effect on and after June 30, 2018.
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