senate Bill S1307

2021-2022 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status Via A955 - 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 (9)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 11, 2021 chapter 113
delivered to governor
Apr 21, 2021 returned to assembly
passed senate
3rd reading cal.78
substituted for s1307
Apr 21, 2021 substituted by a955
Jan 19, 2021 ordered to third reading cal.78
Jan 11, 2021 referred to rules

S1307 (ACTIVE) - Details

See Assembly Version of this Bill:
A955
Law Section:
Insurance Law
Laws Affected:
Amd §2336-b, Ins L (as proposed in S.3688-A & A.5415-A)

S1307 (ACTIVE) - Summary

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

S1307 (ACTIVE) - Sponsor Memo

S1307 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1307
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             January 11, 2021
                                ___________
 
 Introduced  by  Sen. PALUMBO -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 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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