assembly Bill A3994

2021-2022 Legislative Session

Removes certain bonding requirements for independent insurance adjusters

download bill text pdf

Sponsored By

Current Bill Status - Delivered to Governor


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 24, 2021 delivered to governor
May 25, 2021 returned to assembly
passed senate
3rd reading cal.1163
substituted for s5761
May 24, 2021 referred to insurance
delivered to senate
passed assembly
ordered to third reading rules cal.91
rules report cal.91
reported
May 20, 2021 reported referred to rules
Feb 01, 2021 referred to insurance

Co-Sponsors

A3994 (ACTIVE) - Details

See Senate Version of this Bill:
S5761
Law Section:
Insurance Law
Laws Affected:
Amd §2108, Ins L
Versions Introduced in 2019-2020 Legislative Session:
A10952

A3994 (ACTIVE) - Summary

Removes certain bonding requirements for independent insurance adjusters.

A3994 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3994
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2021
                                ___________
 
 Introduced by M. of A. CUSICK -- read once and referred to the Committee
   on Insurance
 
 AN  ACT  to amend the insurance law, in relation to removing the bonding
   requirement for independent adjusters
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   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.
                                                            LBD01931-01-1