senate Bill S5761

Signed By Governor
2021-2022 Legislative Session

Removes certain bonding requirements for independent insurance adjusters

download bill text pdf

Sponsored By

Current Bill Status Via A3994 - Signed by Governor


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

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 01, 2021 signed chap.192
Jun 24, 2021 delivered to governor
May 25, 2021 returned to assembly
passed senate
3rd reading cal.1163
substituted for s5761
May 25, 2021 substituted by a3994
May 24, 2021 advanced to third reading
May 20, 2021 2nd report cal.
May 18, 2021 1st report cal.1163
Mar 18, 2021 referred to insurance

S5761 (ACTIVE) - Details

See Assembly Version of this Bill:
A3994
Law Section:
Insurance Law
Laws Affected:
Amd §2108, Ins L
Versions Introduced in 2019-2020 Legislative Session:
A10952

S5761 (ACTIVE) - Summary

Removes certain bonding requirements for independent insurance adjusters.

S5761 (ACTIVE) - Sponsor Memo

S5761 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5761
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                              March 18, 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 removing  the  bonding
   requirement for independent adjusters
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 1 of subsection (l) of section 2108 of the insur-
 ance law is amended to read as follows:
   (1) No adjuster's license or renewal license, OTHER THAN AN  INDEPEND-
 ENT  ADJUSTER'S  LICENSE,  shall be issued to any applicant unless there
 shall be on file with the superintendent OF FINANCIAL SERVICES  a  bond,
 executed  by such [the] applicant and by approved sureties, in the penal
 sum of one thousand dollars conditioned on the faithful  performance  by
 such  licensee  and by all sub-licensees named in such license, of their
 duties as such adjusters.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01931-01-1


Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.