Senate Bill S6547

Signed By Governor
2019-2020 Legislative Session

Relates to extending certain provisions related to medical malpractice providers

download bill text pdf

Sponsored By

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

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2019-S6547 (ACTIVE) - Details

See Assembly Version of this Bill:
A8345
Law Section:
Insurance Law
Laws Affected:
Amd §§1325 & 2343, Ins L

2019-S6547 (ACTIVE) - Summary

Extends certain provisions related to medical malpractice providers.

2019-S6547 (ACTIVE) - Sponsor Memo

2019-S6547 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6547
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               June 15, 2019
                                ___________
 
 Introduced  by  Sen. BRESLIN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the insurance law,  in  relation  to  extending  certain
   provisions related to medical malpractice insurers
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 1325 of the insurance law, as amended by section  1
 of  part  X  of  chapter  57  of the laws of 2015, is amended to read as
 follows:
   § 1325. Exemption. For the purposes  of  exempting  certain  insurance
 companies  from  the  provisions  of  section one thousand three hundred
 twenty-four of this article, the superintendent  shall  exempt,  through
 December  thirty-first,  two thousand [nineteen] TWENTY-TWO, those stock
 and non-stock insurance companies to which subparagraph (B) of paragraph
 two of subsection (b) of such section applies.
   § 2. Subsection (c) of section 2343 of the insurance law,  as  amended
 by  section 2 of part X of chapter 57 of the laws of 2015, is amended to
 read as follows:
   (c) Notwithstanding any other provision of this chapter,  no  applica-
 tion for an order of rehabilitation or liquidation of a domestic insurer
 whose  primary liability arises from the business of medical malpractice
 insurance, as that term is defined in subsection  (b)  of  section  five
 thousand  five hundred one of this chapter, shall be made on the grounds
 specified in subsection (a)  or  (c)  of  section  seven  thousand  four
 hundred  two of this chapter at any time prior to December thirty-first,
 two thousand [nineteen] TWENTY-TWO.
   § 3. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13376-01-9

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