senate Bill S8902

2021-2022 Legislative Session

Extends certain provisions relating to medical malpractice insurers

download bill text pdf

Sponsored By

Current Bill Status - Delivered to Governor


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Nov 22, 2022 chapter 637
Nov 21, 2022 delivered to governor
Jun 01, 2022 returned to senate
passed assembly
May 24, 2022 ordered to third reading rules cal.390
substituted for a10227
May 17, 2022 referred to insurance
delivered to assembly
passed senate
May 11, 2022 advanced to third reading
May 10, 2022 2nd report cal.
May 09, 2022 1st report cal.1089
Apr 27, 2022 referred to insurance

S8902 (ACTIVE) - Details

See Assembly Version of this Bill:
A10227
Law Section:
Insurance Law
Laws Affected:
Amd §§1325 & 2343, Ins L

S8902 (ACTIVE) - Summary

Extends certain provisions relating to medical malpractice insurers.

S8902 (ACTIVE) - Sponsor Memo

S8902 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8902
 
                             I N  S E N A T E
 
                              April 27, 2022
                                ___________
 
 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  extending  certain
   provisions relating to medical malpractice insurers
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Section 1325 of the insurance law, as  amended  by  chapter
 435 of the laws of 2019, is amended to read as follows:
   §  1325.  Exemption.  For  the purposes of exempting certain insurance
 companies from the provisions of  section  one  thousand  three  hundred
 twenty-four  of  this  article, the superintendent shall exempt, through
 December thirty-first,  two  thousand  [twenty-two]  TWENTY-FIVE,  those
 stock  and  non-stock  insurance  companies to which subparagraph (B) of
 paragraph two of subsection (b) of such section applies.
   § 2. Subsection (c) of section 2343 of the insurance law,  as  amended
 by chapter 435 of the laws of 2019, is amended to read as follows:
   (c)  Notwithstanding  any other provision of this chapter, no applica-
 tion for an order of rehabilitation or liquidation of a domestic insurer
 whose primary liability arises from the business of medical  malpractice
 insurance,  as  that  term  is defined in subsection (b) of section five
 thousand five hundred one of this chapter, shall be made on the  grounds
 specified  in  subsection  (a)  or  (c)  of  section seven thousand four
 hundred two of this chapter at any time prior to December  thirty-first,
 two thousand [twenty-two] TWENTY-FIVE.
   § 3. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15529-01-2


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