Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to labor |
Jan 25, 2023 |
referred to labor |
Senate Bill S2835
2023-2024 Legislative Session
Sponsored By
(D, WF) 46th Senate District
Current Bill Status - In Senate Committee Labor Committee
- 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
2023-S2835 (ACTIVE) - Details
- Current Committee:
- Senate Labor
- Law Section:
- Workers' Compensation Law
- Laws Affected:
- Amd §76, Work Comp L
- Versions Introduced in Other Legislative Sessions:
-
2017-2018:
S7988
2019-2020: S3753
2021-2022: S4695
2023-S2835 (ACTIVE) - Summary
Directs the state insurance fund to compensate insurance brokers for services provided to clients who obtain coverage through the fund; establishes within the existing rate structure a factor to compensate licensed insurance producers for services provided to clients who obtain coverage through the fund.
2023-S2835 (ACTIVE) - Sponsor Memo
BILL NUMBER: S2835 SPONSOR: BRESLIN TITLE OF BILL: An act to amend the workers' compensation law, in relation to directing the state insurance fund to compensate licensed insurance producers for the services provided to clients who obtain coverage through the fund PURPOSE: This bill would provide commissions to licensed brokers for services provided to clients who obtain coverage through the state insurance fund. SUMMARY OF PROVISIONS: Section one amends section 76 of the workers' compensation law to authorize state insurance fund to compensate licensed insurance brokers for the services they provide to their clients who are insured in the fund through the payment of commissions. The commissioners of state insurance fund are authorized and directed to establish, within the
2023-S2835 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2835 2023-2024 Regular Sessions I N S E N A T E January 25, 2023 ___________ Introduced by Sen. BRESLIN -- read twice and ordered printed, and when printed to be committed to the Committee on Labor AN ACT to amend the workers' compensation law, in relation to directing the state insurance fund to compensate licensed insurance producers for the services provided to clients who obtain coverage through the fund THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 5 of section 76 of the workers' compensation law is renumbered subdivision 6 and a new subdivision 5 is added to read as follows: 5. THE PURPOSES OF SUCH STATE INSURANCE FUND ARE HEREBY FURTHER ENLARGED TO PERMIT IT TO COMPENSATE LICENSED INSURANCE BROKERS FOR THE SERVICES THEY PROVIDE THEIR CLIENTS WHO ARE INSURED IN THE FUND THROUGH THE PAYMENT OF COMMISSIONS. THE COMMISSIONERS OF THE STATE INSURANCE FUND ARE HEREBY AUTHORIZED AND DIRECTED TO ESTABLISH, WITHIN THE EXIST- ING RATE STRUCTURE, A FACTOR TO COMPENSATE LICENSED INSURANCE PRODUCERS FOR THE SERVICES PROVIDED TO THEIR CLIENTS WHO OBTAIN COVERAGE THROUGH THE FUND. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06812-01-3
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