senate Bill S3572

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

Current Bill Status Via A8306 - Signed by Governor


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

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Actions

view actions (12)
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

S3572 (ACTIVE) - Details

See Assembly Version of this Bill:
A8306
Law Section:
Insurance Law
Laws Affected:
Amd §2352, Ins L
Versions Introduced in 2019-2020 Legislative Session:
S5735

S3572 (ACTIVE) - Summary

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

S3572 (ACTIVE) - Sponsor Memo

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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