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 |
Mar 02, 2022 |
substituted by a8306 |
Feb 16, 2022 |
advanced to third reading |
Feb 15, 2022 |
2nd report cal. |
Feb 14, 2022 |
1st report cal.488 |
Jan 05, 2022 |
referred to insurance |
Jan 30, 2021 |
referred to insurance |
Senate Bill S3572
Signed By Governor2021-2022 Legislative Session
Sponsored By
(D, WF) 46th Senate District
Archive: Last Bill Status Via A8306 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2021-S3572 (ACTIVE) - Details
2021-S3572 (ACTIVE) - Sponsor Memo
BILL NUMBER: S3572 SPONSOR: BRESLIN TITLE OF BILL: An act to amend the insurance law, in relation to permitting insurers to make available multiple rating programs for commercial insurance within the same company PURPOSE: To permit property/casualty insurers to make available multiple rating programs within the same company for commercial lines insurance in the voluntary market. SUMMARY OF PROVISIONS: Section 1: Amends Insurance Law Section 2352 to permit insurers to make available multiple rating programs within the same company for commer- cial lines insurance in the voluntary market.
2021-S3572 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3572 2021-2022 Regular Sessions I N S E N A T E January 30, 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 permitting insurers to make available multiple rating programs for commercial insurance with- in the same company THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 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. LBD07531-01-1
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