Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Jan 19, 2021 | ordered to third reading cal.78 |
Jan 11, 2021 | referred to rules |
senate Bill S1307
2021-2022 Legislative Session
Sponsored By
Anthony H. Palumbo
(R) 1st Senate District
Current Bill Status - On Floor Calendar
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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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) - Sponsor Memo
BILL NUMBER: S1307 SPONSOR: PALUMBO TITLE OF BILL: An act to amend the insurance law, in relation to insurers providing an actuarially appropriate reduction of premiums for yacht or boating liability insurance PURPOSE: To make clarifying changes to chapter 355 of the laws of 2020 by remov- ing mandatory language related to insurers providing for a premium rate reduction to insureds upon completion of a boating safety course. SUMMARY OF PROVISIONS: Section one of the bill would remove mandatory language related to premium rate reductions by insurers. An insurer may, upon submission of a completion certificate by an insured, provide an actuarially-appropri- ate reduction of the premium for such insured's yacht or boating liabil-
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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