senate Bill S4326

Signed By Governor
2021-2022 Legislative Session

Provides for a policy term of less than one year in certain situations

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A5379 - 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
Dec 21, 2021 approval memo.69
signed chap.679
Dec 09, 2021 delivered to governor
Apr 20, 2021 returned to assembly
passed senate
3rd reading cal.480
substituted for s4326
Apr 20, 2021 substituted by a5379
Mar 03, 2021 advanced to third reading
Mar 02, 2021 2nd report cal.
Mar 01, 2021 1st report cal.480
Feb 03, 2021 referred to insurance

Co-Sponsors

S4326 (ACTIVE) - Details

See Assembly Version of this Bill:
A5379
Law Section:
Insurance Law
Laws Affected:
Amd §3426, Ins L

S4326 (ACTIVE) - Summary

Provides for a policy term of less than one year where an insured requests such a policy from an insurer offering such a policy.

S4326 (ACTIVE) - Sponsor Memo

S4326 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4326
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 3, 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 providing for a policy
   term of less than one year in certain situations
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. Subparagraphs (C) and (D) of paragraph 2 of subsection (d)
 of section 3426 of the insurance law, as amended by chapter 235  of  the
 laws of 1989, are amended and a new subparagraph (E) is added to read as
 follows:
   (C)  a new policy where the specific term is made to coincide with the
 term of an insured's already existing policy with the same insurer, with
 any insurer at the insured's written request  or,  in  the  case  of  an
 excess liability policy, with different insurers; [or]
   (D)  a group property/casualty policy or certificates, policies issued
 pursuant to a safety group or mass merchandising program, or  a  medical
 malpractice  or  for-hire vehicle policy whose expiration date is common
 to all other policies issued by an insurer; in any of which  events  the
 first  policy  period  may  be  for  a period of less than one year with
 subsequent renewals requiring at least a one year policy period, and any
 such policies issued since the effective date of  this  section  may  be
 amended to conform to a common expiration date[.]; OR
   (E)  WHERE  AN  INSURED REQUESTS A POLICY WITH A TERM OF LESS THAN ONE
 YEAR FROM AN INSURER THAT OFFERS SUCH POLICIES.
   § 2. This act shall take effect on the thirtieth day  after  it  shall
 have become a law.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08787-01-1


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