Assembly Bill A6918A

Signed By Governor
2013-2014 Legislative Session

Relates to extending authorization for certain exemptions from filing requirements

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Archive: Last 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

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Bill Amendments

2013-A6918 - Details

See Senate Version of this Bill:
S4327
Law Section:
Insurance Law
Laws Affected:
Amd §6303, Ins L

2013-A6918 - Summary

Relates to extending authorization for certain exemptions from filing requirements.

2013-A6918 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6918

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 24, 2013
                               ___________

Introduced  by M. of A. STECK -- (at request of the Department of Finan-
  cial Services) -- read once and referred to the Committee on Insurance

AN ACT to amend the insurance law, in  relation  to  certain  exemptions
  from rate and form filing requirements for large commercial insureds

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Paragraph 3 of subsection (a) of section 6303 of the insur-
ance law, as amended by chapter 490 of the laws of 2011, is  amended  to
read as follows:
  (3) until June thirtieth, two thousand [thirteen] FIFTEEN, the policy,
other  than a medical malpractice insurance policy, is issued to a large
commercial insured that employs or retains a  special  risk  manager  to
assist  in  the negotiation and purchase of a policy exempted under this
article, provided, however, that:
  (A)(i) the special risk manager is not employed by the insurer issuing
the policy or any person in the insurer's holding company system; and
  (ii) the special risk manager is licensed as an insurance producer  in
this  state  pursuant  to  article  twenty-one  of  this chapter, unless
exempted from licensing therein;
  (B) the insurer shall file with the superintendent  a  certificate  of
insurance  evidencing  the  existence and terms of the policy within one
business day of binding the insurance coverage; and
  (C) a policy form that has not been previously filed with  the  super-
intendent  shall  be  filed  with  the  superintendent for informational
purposes within three business days after first  delivery  of  a  policy
using  such form, but no later than sixty calendar days after the incep-
tion date of such policy.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08856-02-3


              

2013-A6918A (ACTIVE) - Details

See Senate Version of this Bill:
S4327
Law Section:
Insurance Law
Laws Affected:
Amd §6303, Ins L

2013-A6918A (ACTIVE) - Summary

Relates to extending authorization for certain exemptions from filing requirements.

2013-A6918A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 6918--A
                                                        Cal. No. 492

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 24, 2013
                               ___________

Introduced  by M. of A. STECK -- read once and referred to the Committee
  on Insurance -- reported from committee, advanced to a third  reading,
  amended  and  ordered  reprinted,  retaining its place on the order of
  third reading

AN ACT to amend the insurance law, in  relation  to  extending  authori-
  zation for certain exemptions from filing requirements

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1.   Paragraph 3 of subsection (a)  of  section  6303  of  the
insurance law, as amended by chapter 490 of the laws of 2011, is amended
to read as follows:
  (3) until June thirtieth, two thousand [thirteen] FIFTEEN, the policy,
other  than a medical malpractice insurance policy, is issued to a large
commercial insured that employs or retains a  special  risk  manager  to
assist  in  the negotiation and purchase of a policy exempted under this
article, provided, however, that:
  (A)(i) the special risk manager is not employed by the insurer issuing
the policy or any person in the insurer's holding company system; and
  (ii) the special risk manager is licensed as an insurance producer  in
this  state  pursuant  to  article  twenty-one  of  this chapter, unless
exempted from licensing therein; AND
  (B) [the insurer shall file with the superintendent a  certificate  of
insurance  evidencing  the  existence and terms of the policy within one
business day of binding the insurance coverage; and
  (C)] a policy form that has not been previously filed with the  super-
intendent  shall  be  filed  with  the  superintendent for informational
purposes within three business days after first  delivery  of  a  policy
using  such form, but no later than sixty calendar days after the incep-
tion date of such policy.
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08856-05-3
              

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