Assembly Bill A10072

2021-2022 Legislative Session

Relates to establishing a captive insurance program for commuter vans

download bill text pdf

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Archive: Last Bill Status - On Floor Calendar

  • 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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2021-A10072 (ACTIVE) - Details

See Senate Version of this Bill:
S8255
Law Section:
Insurance Law
Laws Affected:
Add §7013, Ins L
Versions Introduced in 2023-2024 Legislative Session:
S7950

2021-A10072 (ACTIVE) - Summary

Relates to establishing a captive insurance program for commuter vans.

2021-A10072 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10072
 
                           I N  A S S E M B L Y
 
                              April 29, 2022
                                ___________
 
 Introduced  by M. of A. DICKENS -- read once and referred to the Commit-
   tee on Insurance
 
 AN ACT to amend the insurance law, in relation to establishing a captive
   insurance program for commuter vans
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The insurance law is amended by adding a new section 7013
 to read as follows:
   § 7013. CAPTIVE INSURANCE PROGRAM FOR COMMUTER VANS.  (A)  THE  SUPER-
 INTENDENT  SHALL IMPLEMENT A CAPTIVE INSURANCE PROGRAM FOR COMMUTER VANS
 THAT ARE ENGAGED IN THE BUSINESS OF CARRYING OR TRANSPORTING  PASSENGERS
 FOR HIRE. THE PROGRAM SHALL INCLUDE, BUT SHALL NOT BE LIMITED TO:
   (1) IDENTIFYING AND LICENSING A CAPTIVE INSURANCE COMPANY OR COMPANIES
 TO PROVIDE NECESSARY INSURANCE COVERAGE TO COMMUTER VANS;
   (2)  STANDARDS  FOR  ENROLLMENT  OF  ELIGIBLE COMMUTER VANS, INCLUDING
 MECHANISMS FOR DETERMINING ELIGIBILITY; AND
   (3) STANDARDS FOR MONITORING THE PERFORMANCE OF SUCH CAPTIVE INSURANCE
 COMPANY OR COMPANIES  IN  PROVIDING  AFFORDABLE  INSURANCE  COVERAGE  TO
 COMMUTER VANS PARTICIPATING IN THE PROGRAM.
   (B)  FOR  THE  PURPOSES OF THIS SECTION, THE TERM "COMMUTER VAN" SHALL
 HAVE THE SAME MEANING AS SUCH TERM IS DEFINED IN SECTION 19-502  OF  THE
 ADMINISTRATIVE CODE OF THE CITY OF NEW YORK.
   §  2.  This  act shall take effect on the ninetieth day after it shall
 have become a law.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14566-01-2

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