assembly Bill A8306

Signed By Governor
2021-2022 Legislative Session

Permits insurers to make available multiple rating programs for commercial insurance within the same company

download bill text pdf

Sponsored By

Archive: Last Bill Status - 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 (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 09, 2022 signed chap.194
Apr 27, 2022 delivered to governor
Mar 02, 2022 returned to assembly
passed senate
3rd reading cal.488
substituted for s3572
Feb 28, 2022 referred to insurance
delivered to senate
passed assembly
Feb 17, 2022 advanced to third reading cal.439
Feb 16, 2022 reported
Jan 05, 2022 referred to insurance
Oct 20, 2021 referred to insurance


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A8306 (ACTIVE) - Details

See Senate Version of this Bill:
Law Section:
Insurance Law
Laws Affected:
Amd §2352, Ins L
Versions Introduced in 2019-2020 Legislative Session:

A8306 (ACTIVE) - Summary

Permits insurers to make available multiple rating programs for commercial insurance within the same company.

A8306 (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  A S S E M B L Y
                             October 20, 2021
 Introduced by M. of A. CAHILL -- read once and referred to the Committee
   on Insurance
 AN ACT to amend the insurance law, in relation to permitting insurers to
   make available multiple rating programs for commercial insurance with-
   in the same company
   Section 1. Section 2352 of the insurance law, as added by chapter  457
 of the laws of 2011, is amended to read as follows:
   §  2352. Multiple rating programs. (a) Subject to the superintendent's
 prior approval, an insurer may establish more than  one  rating  program
 within  the  same  company for policies of insurance that are subject to
 section three thousand four hundred twenty-five OR SECTION  THREE  THOU-
 SAND FOUR HUNDRED TWENTY-SIX of this chapter; provided that:
   (1)  each rating program shall apply only to policies newly written on
 or after the effective date of the  rating  program  but  prior  to  the
 effective  date  of  any  subsequently approved rating program; provided
 however if an insurer terminates a  rating  program,  then  the  insurer
 shall  renew  the  policies  that  were subject to the terminated rating
 program in a subsequently approved rating program.
   (2) the provisions of subsection (f) of section  three  thousand  four
 hundred  twenty-five  and  subsection  (b) of section two thousand three
 hundred forty-nine of this chapter  shall  be  applied  to  each  rating
 program TO WHICH THEY ARE APPLICABLE separately.
   (b)  The superintendent may promulgate rules and regulations to imple-
 ment the provisions of this section.
   § 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.