senate Bill S5761

Signed By Governor
2021-2022 Legislative Session

Removes certain bonding requirements for independent insurance adjusters

download bill text pdf

Sponsored By

Current Bill Status Via A3994 - Signed by Governor

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

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view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 01, 2021 signed chap.192
Jun 24, 2021 delivered to governor
May 25, 2021 returned to assembly
passed senate
3rd reading cal.1163
substituted for s5761
May 25, 2021 substituted by a3994
May 24, 2021 advanced to third reading
May 20, 2021 2nd report cal.
May 18, 2021 1st report cal.1163
Mar 18, 2021 referred to insurance

S5761 (ACTIVE) - Details

See Assembly Version of this Bill:
Law Section:
Insurance Law
Laws Affected:
Amd §2108, Ins L
Versions Introduced in 2019-2020 Legislative Session:

S5761 (ACTIVE) - Summary

Removes certain bonding requirements for independent insurance adjusters.

S5761 (ACTIVE) - Sponsor Memo

S5761 (ACTIVE) - Bill Text download pdf

                     S T A T E   O F   N E W   Y O R K
                        2021-2022 Regular Sessions
                             I N  S E N A T E
                              March 18, 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 removing  the  bonding
   requirement for independent adjusters
   Section 1. Paragraph 1 of subsection (l) of section 2108 of the insur-
 ance law is amended to read as follows:
   (1) No adjuster's license or renewal license, OTHER THAN AN  INDEPEND-
 ENT  ADJUSTER'S  LICENSE,  shall be issued to any applicant unless there
 shall be on file with the superintendent OF FINANCIAL SERVICES  a  bond,
 executed  by such [the] applicant and by approved sureties, in the penal
 sum of one thousand dollars conditioned on the faithful  performance  by
 such  licensee  and by all sub-licensees named in such license, of their
 duties as such adjusters.
   § 2. This act shall take effect immediately.
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.


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