Senate Bill S4172

2013-2014 Legislative Session

Relates to extending authorization for certain exemptions from filing requirements

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Insurance 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

2013-S4172 (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §§6302 & 6303, Ins L
Versions Introduced in 2015-2016 Legislative Session:
S3513

2013-S4172 (ACTIVE) - Summary

Relates to extending authorization for certain exemptions from filing requirements.

2013-S4172 (ACTIVE) - Sponsor Memo

2013-S4172 (ACTIVE) - Bill Text download pdf

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

                                  4172

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 12, 2013
                               ___________

Introduced  by  Sen.  SEWARD -- 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  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 (c) of section 6302 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  fourteen]  DECEMBER
THIRTY-FIRST, TWO THOUSAND SIXTEEN, a domestic property/casualty  insur-
ance  company  that maintains at all times a surplus to policyholders of
at least twice the minimum surplus to policyholders required to be main-
tained for the kinds of insurance that it is authorized to write in this
state, or an insurer licensed pursuant  to  article  sixty-one  of  this
chapter as a reciprocal insurer that maintains at all times a surplus to
policyholders  of at least the minimum surplus to policyholders required
to be maintained for the kinds of insurance that  it  is  authorized  to
write in this state, provided that the domestic property/casualty insur-
ance  company  or  reciprocal  insurer:    (A) has total direct premiums
comprised of at least ninety percent medical malpractice insurance;  (B)
assumes reinsurance premiums in an amount that is less than five percent
of  total  direct premiums written; and (C) writes ninety percent of its
total direct premiums in this state.
  S 2. 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,] 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09724-01-3

              

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.