senate Bill S3560

2021-2022 Legislative Session

Promotes competitive property and casualty insurance markets for business to business insurance transactions

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Insurance Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 05, 2022 referred to insurance
Jan 30, 2021 referred to insurance

S3560 (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §§2302 & 3201, Ins L
Versions Introduced in Other Legislative Sessions:
2017-2018: S4719
2019-2020: S3625

S3560 (ACTIVE) - Summary

Promotes competitive property and casualty insurance markets for business to business insurance transactions.

S3560 (ACTIVE) - Sponsor Memo

S3560 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3560
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 30, 2021
                                ___________
 
 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 promoting  competitive
   property  and  casualty  insurance  markets  for  business to business
   insurance transactions

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  This  act shall be known and may be cited as the "Compet-
 itive Commercial Insurance Markets Act".
   § 2. Section 2302  of  the  insurance  law,  paragraphs  5  and  6  of
 subsection  (a) as amended and paragraph 7 of subsection (a) as added by
 chapter 614 of the laws of 1997, is amended to read as follows:
   § 2302. Applicability. (a) This article shall apply to  all  kinds  of
 insurance  written  on  risks  or operations in this state by an insurer
 authorized to do business in this state except:
   (1) reinsurance (other than joint reinsurance to the extent stated  in
 section two thousand three hundred seventeen of this article);
   (2) accident and health insurance;
   (3)  annuities, life insurance, including provisions for non-cancella-
 ble disability benefits in conjunction therewith;
   (4) marine insurance (other  than  PERSONAL  inland  marine  insurance
 COVERING  PROPERTY OF INDIVIDUALS OR HOUSEHOLDS and insurance upon auto-
 mobiles[, airplanes, seaplanes, dirigibles or other aircraft]);
   (5) marine protection and indemnity insurance;
   (6) insurance issued  by  an  assessment  cooperative  fire  insurance
 company; [and]
   (7) service contract reimbursement insurance; AND
   (8) COMMERCIAL LINES SPECIALTY INSURANCE, WHICH INCLUDES:
   (I) AIRCRAFT LIABILITY AND HULL INSURANCE;
   (II) SURETY AND FIDELITY INSURANCE;
   (III) COMMERCIAL INLAND MARINE INSURANCE;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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