Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 26, 2024 |
signed chap.14 delivered to governor |
Jan 16, 2024 |
returned to senate passed assembly ordered to third reading cal.217 substituted for a8505 |
Jan 09, 2024 |
referred to insurance delivered to assembly passed senate |
Jan 08, 2024 |
ordered to third reading cal.43 |
Jan 05, 2024 |
referred to rules |
Senate Bill S8053
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
2023-S8053 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8505
- Law Section:
- Vehicle and Traffic Law
- Laws Affected:
- Amd §§311 & 370, V & T L; amd §§6 & 7, add §6-a, Chap of 2023 (as proposed in S.5959-B & A.5718-B)
2023-S8053 (ACTIVE) - Summary
Authorizes certain policies issued by a risk retention group not chartered in this state; requires reporting by certain risk retention groups of other state's examinations, audits, or other investigations and their findings; amends the effective date of a chapter of the laws of 2023 amending the insurance law and the vehicle and traffic law relating to owner's policies of liability insurance issued by a risk retention group not chartered within this state, as proposed in legislative bills numbers S.5959-B and A.5718-B, to March 1, 2024.
2023-S8053 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8053 SPONSOR: WEBB TITLE OF BILL: An act to amend 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; and to amend a chapter of the laws of 2023 amending the insurance law and the vehicle and traffic law relating to owner's policies of liability insurance issued by a risk retention group not chartered within this state, as proposed in legislative bills numbers S.5959-B and A.5718-B, in relation to a study and reporting on the impact of such bill, required reporting by certain risk retention groups of examinations, audits, or other investigations, performed by another state's insurance commissioner and the effectiveness thereof PURPOSE: This is a chapter amendment that makes changes to provisions of L.2023, c.438, to allow risk retention groups to offer automobile insurance coverage in the state.
2023-S8053 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8053 I N S E N A T E January 5, 2024 ___________ Introduced by Sen. WEBB -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend 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; and to amend a chapter of the laws of 2023 amending the insurance law and the vehicle and traffic law relat- ing to owner's policies of liability insurance issued by a risk retention group not chartered within this state, as proposed in legis- lative bills numbers S.5959-B and A.5718-B, in relation to a study and reporting on the impact of such bill, required reporting by certain risk retention groups of examinations, audits, or other investi- gations, performed by another state's insurance commissioner and the effectiveness thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs (b), (c) and (d) of subdivision 4 of section 311 of the vehicle and traffic law, paragraphs (b) and (c) as amended by a chapter of the laws of 2023 amending the insurance law and the vehicle and traffic law relating to owner's policies of liability insurance issued by a risk retention group not chartered within this state, as proposed in legislative bills numbers S.5959-B and A.5718-B, 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) WHERE A VEHICLE IS REGISTERED BY A NOT-FOR-PROFIT ORGANIZATION THAT IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE FEDERAL INTERNAL REVENUE CODE, 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 that are tax-exempt under section 501(c)(3) of the federal internal revenue code and where the risk retention group qualifies as a charitable risk pool under section 501(n) of the federal internal revenue code, PROVIDED THAT THE VEHICLE BEING REGISTERED DOES NOT HAVE A SEATING CAPACITY OF MORE THAN FIFTEEN PASSENGERS, IS NOT A LIMOUSINE OR LUXURY LIMOUSINE, AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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