Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 13, 2024 |
referred to insurance delivered to assembly passed senate |
Jan 24, 2024 |
advanced to third reading |
Jan 23, 2024 |
2nd report cal. amended 8320a |
Jan 22, 2024 |
1st report cal.154 |
Jan 17, 2024 |
referred to insurance |
Senate Bill S8320
2023-2024 Legislative Session
Sponsored By
(D, WF) 37th Senate District
Current Bill Status - In Assembly 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
Votes
Bill Amendments
2023-S8320 - Details
- Current Committee:
- Assembly Insurance
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §5414, Ins L
2023-S8320 - Sponsor Memo
BILL NUMBER: S8320 SPONSOR: MAYER TITLE OF BILL: An act to amend the insurance law, in relation to increasing the number of properties eligible for the coastal market assistance program PURPOSE OR GENERAL IDEA OF BILL: To increase the number of properties eligible for the coastal market assistance program which serves property owners who cannot find property insurance on the private market SUMMARY OF PROVISIONS: Section 1 amends subsection c of section 5414 of the insurance law to expand coverage of the coastal market assistance program to properties located within one mile of the shore and expands the definition of "shore" to include more communities across the state. Section 2 sets the effective date.
2023-S8320 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8320 I N S E N A T E January 17, 2024 ___________ Introduced by Sen. MAYER -- 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 increasing the number of properties eligible for the coastal market assistance program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (c) of section 5414 of the insurance law, as added by chapter 136 of the laws of 2008, is amended to read as follows: (c) The association shall administer the coastal market assistance program. The association may, subject to approval of the superintendent, adopt reasonable eligibility standards for participation in the coastal market assistance program. AT A MINIMUM, PROPERTIES ELIGIBLE FOR THE PROGRAM SHALL BE LOCATED WITHIN ONE MILE OF THE SHORE. FOR PURPOSES OF THIS SECTION, SHORE SHALL MEAN SALT-WATER OCEAN, SOUND, BAY, INLET, LAKE ERIE, LAKE ONTARIO, THE SAINT LAWRENCE RIVER OR THE NIAGARA RIVER WITH DISTANCE MEASURED FROM THE NORMAL HIGH-TIDE MARK. THE ASSOCIATION MAY ADOPT ADDITIONAL OR MORE EXPANSIVE ELIGIBILITY STANDARDS FOR PARTIC- IPATION IN THE COASTAL MARKET ASSISTANCE PROGRAM. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13698-02-4
co-Sponsors
(D, WF) 48th Senate District
2023-S8320A (ACTIVE) - Details
- Current Committee:
- Assembly Insurance
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §5414, Ins L
2023-S8320A (ACTIVE) - Sponsor Memo
BILL NUMBER: S8320A SPONSOR: MAYER TITLE OF BILL: An act to amend the insurance law, in relation to increasing the number of properties eligible for the coastal market assistance program PURPOSE OR GENERAL IDEA OF BILL: To increase the number of properties eligible for the coastal market assistance program which serves property owners who cannot find property insurance on the private market SUMMARY OF PROVISIONS: Section 1 amends subsection c of section 5414 of the insurance law to expand coverage of the coastal market assistance program to properties located within one mile of the shore and expands the definition of "shore" to include more communities across the state. Section 2 sets the effective date.
2023-S8320A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8320--A Cal. No. 154 I N S E N A T E January 17, 2024 ___________ Introduced by Sen. MAYER -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance -- reported favorably from said committee, ordered to first report, amended on first report, ordered to a second report and ordered reprinted, retaining its place in the order of second report AN ACT to amend the insurance law, in relation to increasing the number of properties eligible for the coastal market assistance program THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (c) of section 5414 of the insurance law, as added by chapter 136 of the laws of 2008, is amended to read as follows: (c) The association shall administer the coastal market assistance program. The association may, subject to approval of the superintendent, adopt reasonable eligibility standards for participation in the coastal market assistance program. AT A MINIMUM, PROPERTIES ELIGIBLE FOR THE PROGRAM SHALL BE LOCATED WITHIN ONE MILE OF THE SHORE. FOR PURPOSES OF THIS SECTION, SHORE SHALL MEAN SALT-WATER OCEAN, SOUND, BAY, INLET, LAKE ERIE, LAKE ONTARIO, THE SAINT LAWRENCE RIVER OR THE NIAGARA RIVER WITH DISTANCE MEASURED FROM MEAN HIGH WATER. THE ASSOCIATION MAY ADOPT ADDI- TIONAL OR MORE EXPANSIVE ELIGIBILITY STANDARDS FOR PARTICIPATION IN THE COASTAL MARKET ASSISTANCE PROGRAM. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13698-03-4
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