Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 15, 2023 |
approval memo.8 signed chap.438 |
Sep 07, 2023 |
delivered to governor |
Jun 08, 2023 |
returned to senate passed assembly ordered to third reading rules cal.704 substituted for a5718b |
Jun 05, 2023 |
referred to insurance delivered to assembly passed senate |
May 31, 2023 |
amended on third reading 5959b |
May 24, 2023 |
advanced to third reading |
May 23, 2023 |
2nd report cal. |
May 22, 2023 |
1st report cal.1188 |
Apr 10, 2023 |
print number 5959a |
Apr 10, 2023 |
amend and recommit to insurance |
Mar 23, 2023 |
referred to insurance |
Senate Bill S5959B
Signed By Governor2023-2024 Legislative Session
Sponsored By
(D, WF) 52nd Senate District
Current Bill Status - Signed by Governor
- 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
Votes
Bill Amendments
co-Sponsors
(D, WF) 55th Senate District
2023-S5959 - Details
2023-S5959 - Summary
Authorizes certain policies issued by a risk retention group not chartered in this state but which is registered with the superintendent of financial services under the federal liability risk retention act of 1986, comprised entirely of organizations to which contributions are eligible for deduction under section 501(c)(3) of the internal revenue code and which qualifies as a charitable risk pool under section 501(n) of the internal revenue code.
2023-S5959 - Sponsor Memo
BILL NUMBER: S5959 Revised 3/28/2023 SPONSOR: WEBB TITLE OF BILL: An act to amend the insurance law and the vehicle and traffic law, in relation to owner's policies of liability insurance issued by a risk retention group not chartered within this state PURPOSE: To allow risk retention groups which meet a minimum surplus requirement and which are registered in NYS to offer automobile insurance coverage to nonprofit organizations in this state. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends section 5913 of the Insurance Law to allow insurance coverage by a risk retention group pursuant to section 311 of the Vehi- cle and Traffic Law as amended in section 2 of this bill. Section 2 amends (b) and (c) of subdivision 4 of section 311 of the
2023-S5959 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5959 2023-2024 Regular Sessions I N S E N A T E March 23, 2023 ___________ Introduced by Sens. WEBB, BROUK -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT to amend the insurance law and the vehicle and traffic law, in relation to owner's policies of liability insurance issued by a risk retention group not chartered within this state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5913 of the insurance law, as added by chapter 109 of the laws of 1988, is amended to read as follows: § 5913. Financial responsibility. [Wherever] EXCEPT AS PROVIDED IN SECTION THREE HUNDRED ELEVEN OF THE VEHICLE AND TRAFFIC LAW, WHEREVER pursuant to the laws of this state or any political subdivision of this state a demonstration of financial responsibility is required as a condition for obtaining a license or permit to undertake specified activities, if any such requirement may not be satisfied by obtaining insurance coverage from an insurer not authorized to do business in this state, such requirement may not be satisfied by purchasing insurance from a risk retention group not chartered in this state. § 2. Paragraphs (b) and (c) of subdivision 4 of section 311 of the vehicle and traffic law, paragraph (c) as amended by chapter 200 of the laws of 1974, are amended to read as follows: (b) In the case of a vehicle registered in this state, a policy issued by (I) an insurer duly authorized to transact business in this state OR (II) A RISK RETENTION GROUP NOT CHARTERED IN THIS STATE WITH A MINIMUM OF FIFTEEN MILLION DOLLARS OF SURPLUS AND WHICH EXCLUSIVELY INSURES 501(C)(3) NONPROFIT ORGANIZATIONS THAT ARE REGISTERED IN THIS STATE; or (c) In the case of a vehicle lawfully registered in another state, or in both this state and another state, [either] (I) a policy issued by an authorized insurer, or (II) A RISK RETENTION GROUP NOT CHARTERED IN THIS STATE WITH A MINIMUM OF FIFTEEN MILLION DOLLARS OF SURPLUS AND EXCLU- SIVELY INSURES 501(C)(3) NONPROFIT ORGANIZATIONS THAT ARE REGISTERED IN EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10375-01-3
co-Sponsors
(D, WF) 55th Senate District
(D, WF) 56th Senate District
(D, WF) 63rd Senate District
(D) 61st Senate District
2023-S5959A - Details
2023-S5959A - Summary
Authorizes certain policies issued by a risk retention group not chartered in this state but which is registered with the superintendent of financial services under the federal liability risk retention act of 1986, comprised entirely of organizations to which contributions are eligible for deduction under section 501(c)(3) of the internal revenue code and which qualifies as a charitable risk pool under section 501(n) of the internal revenue code.
2023-S5959A - Sponsor Memo
BILL NUMBER: S5959AREVISED 4/12/2023 SPONSOR: WEBB TITLE OF BILL: An act to amend the insurance law and the vehicle and traffic law, in relation to owner's policies of liability insurance issued by a risk retention group not chartered within this state PURPOSE: To allow risk retention groups which meet a minimum surplus requirement and which are registered in NYS to offer automobile insurance coverage to nonprofit organizations in this state. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends section 5913 of the Insurance Law to allow insurance coverage by a risk retention group pursuant to section 311 of the Vehi- cle and Traffic Law as amended in section 2 of this bill. Section 2 amends (b) and (c) of subdivision 4 of section 311 of the
2023-S5959A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5959--A 2023-2024 Regular Sessions I N S E N A T E March 23, 2023 ___________ Introduced by Sens. WEBB, BROUK -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance -- commit- tee discharged, bill amended, ordered reprinted as amended and recom- mitted to said committee AN ACT to amend the insurance law and the vehicle and traffic law, in relation to owner's policies of liability insurance issued by a risk retention group not chartered within this state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5913 of the insurance law, as added by chapter 109 of the laws of 1988, is amended to read as follows: § 5913. Financial responsibility. [Wherever] EXCEPT AS PROVIDED IN SECTION THREE HUNDRED ELEVEN OF THE VEHICLE AND TRAFFIC LAW, WHEREVER pursuant to the laws of this state or any political subdivision of this state a demonstration of financial responsibility is required as a condition for obtaining a license or permit to undertake specified activities, if any such requirement may not be satisfied by obtaining insurance coverage from an insurer not authorized to do business in this state, such requirement may not be satisfied by purchasing insurance from a risk retention group not chartered in this state. § 2. Paragraphs (b) and (c) of subdivision 4 of section 311 of the vehicle and traffic law, paragraph (c) as amended by chapter 200 of the laws of 1974, are amended to read as follows: (b) In the case of a vehicle registered in this state, a policy issued by (I) an insurer duly authorized to transact business in this state OR (II) A RISK RETENTION GROUP NOT CHARTERED IN THIS STATE BUT WHICH IS REGISTERED WITH THE SUPERINTENDENT UNDER THE FEDERAL LIABILITY RISK RETENTION ACT OF 1986, COMPRISED ENTIRELY OF ORGANIZATIONS TO WHICH CONTRIBUTIONS ARE ELIGIBLE FOR DEDUCTION UNDER SECTION 501(C)(3) OF THE FEDERAL INTERNAL REVENUE CODE AND WHICH QUALIFIES AS A CHARITABLE RISK POOL UNDER SECTION 501(N) OF THE FEDERAL INTERNAL REVENUE CODE; or EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10375-02-3
co-Sponsors
(D, WF) 55th Senate District
(D) 14th Senate District
(D, WF) 56th Senate District
(D, WF) 63rd Senate District
2023-S5959B (ACTIVE) - Details
2023-S5959B (ACTIVE) - Summary
Authorizes certain policies issued by a risk retention group not chartered in this state but which is registered with the superintendent of financial services under the federal liability risk retention act of 1986, comprised entirely of organizations to which contributions are eligible for deduction under section 501(c)(3) of the internal revenue code and which qualifies as a charitable risk pool under section 501(n) of the internal revenue code.
2023-S5959B (ACTIVE) - Sponsor Memo
BILL NUMBER: S5959B SPONSOR: WEBB TITLE OF BILL: An act to amend the insurance law and the vehicle and traffic law, in relation to owner's policies of liability insurance issued by a risk retention group not chartered within this state PURPOSE: To allow risk retention groups which meet a minimum surplus requirement and which are registered in NYS to offer automobile insurance coverage to nonprofit organizations in this state. SUMMARY OF SPECIFIC PROVISIONS: Section 1 amends section 5913 of the Insurance Law to allow insurance coverage by a risk retention group pursuant to sections 311 and 370 of the Vehicle and Traffic Law as amended in section 2 of this bill. Section 2 amends (b) and (c) of subdivision 4 of section 311 of the
2023-S5959B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5959--B Cal. No. 1188 2023-2024 Regular Sessions I N S E N A T E March 23, 2023 ___________ Introduced by Sens. WEBB, BROUK, COONEY, KENNEDY, RYAN -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the insurance law and the vehicle and traffic law, in relation to owner's policies of liability insurance issued by a risk retention group not chartered within this state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5913 of the insurance law, as added by chapter 109 of the laws of 1988, is amended to read as follows: § 5913. Financial responsibility. [Wherever] EXCEPT AS PROVIDED IN SECTIONS THREE HUNDRED ELEVEN AND THREE HUNDRED SEVENTY OF THE VEHICLE AND TRAFFIC LAW, WHEREVER pursuant to the laws of this state or any political subdivision of this state a demonstration of financial respon- sibility is required as a condition for obtaining a license or permit to undertake specified activities, if any such requirement may not be satisfied by obtaining insurance coverage from an insurer not authorized to do business in this state, such requirement may not be satisfied by purchasing insurance from a risk retention group not chartered in this state. EVERY INSURANCE POLICY ISSUED BY A RISK RETENTION GROUP NOT CHARTERED IN THIS STATE PURSUANT TO SECTIONS THREE HUNDRED ELEVEN AND THREE HUNDRED SEVENTY OF THE VEHICLE AND TRAFFIC LAW SHALL CONTAIN THE NOTICE SET FORTH IN SECTION FIVE THOUSAND NINE HUNDRED FIVE OF THIS ARTICLE. § 2. Paragraphs (b) and (c) of subdivision 4 of section 311 of the vehicle and traffic law, paragraph (c) as amended by chapter 200 of the laws of 1974, are amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. 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.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.