Assembly Bill A955

2021-2022 Legislative Session

Relates to insurers providing an actuarially appropriate reduction of premiums for yacht or boating liability insurance

download bill text pdf

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Archive: Last Bill Status - Delivered to 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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2021-A955 (ACTIVE) - Details

See Senate Version of this Bill:
S1307
Law Section:
Insurance Law
Laws Affected:
Amd §2336-b, Ins L (as proposed in S.3688-A & A.5415-A)

2021-A955 (ACTIVE) - Summary

Relates to insurers providing an actuarially appropriate reduction of premiums for yacht or boating liability insurance.

2021-A955 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    955
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced by M. of A. THIELE -- read once and referred to the Committee
   on Insurance
 
 AN  ACT to amend the insurance law, in relation to insurers providing an
   actuarially appropriate reduction of premiums  for  yacht  or  boating
   liability insurance

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subsection (c) of section 2336-b of the insurance  law,  as
 added  by a chapter of the laws of 2020, amending the navigation law and
 the insurance law relating to insurance rate reductions upon  completion
 of  a  boating  safety  course  or an advanced boating safety course, as
 proposed in legislative bills  numbers  S.  3688-A  and  A.  5415-A,  is
 amended to read as follows:
   (c)  An insurer, upon approval of the superintendent, [shall] MAY upon
 submission of a completion certificate by an insured, provide an actuar-
 ially appropriate reduction of the premium for such insured's  yacht  or
 boating liability insurance.
   §  2.  This  act  shall  take  effect on the same date and in the same
 manner as a chapter of the laws of 2020, amending the navigation law and
 the insurance law relating to insurance rate reductions upon  completion
 of  a  boating  safety  course  or an advanced boating safety course, as
 proposed in legislative bills numbers S. 3688-A  and  A.  5415-A,  takes
 effect.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07150-01-1

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