Senate Bill S5550

Vetoed By Governor
2013-2014 Legislative Session

Provides that wireless communications equipment insurance policies shall not be subject to rules providing for producer compensation transparency

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A7546 - Vetoed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Vetoed By 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-S5550 (ACTIVE) - Details

See Assembly Version of this Bill:
A7546
Law Section:
Insurance Law
Laws Affected:
Amd §3449, Ins L

2013-S5550 (ACTIVE) - Summary

Provides that wireless communications equipment insurance policies shall not be subject to rules providing for producer compensation transparency.

2013-S5550 (ACTIVE) - Sponsor Memo

2013-S5550 (ACTIVE) - Bill Text download pdf

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

                                  5550

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              May 17, 2013
                               ___________

Introduced  by  Sen.  LIBOUS -- 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  wireless  communi-
  cations equipment insurance policies

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

  Section 1. Subsection (e) of section 3449 of  the  insurance  law,  as
added by chapter 426 of the laws of 2005, is amended to read as follows:
  (e)  The  superintendent may promulgate regulations regarding policies
of wireless  communications  equipment  insurance,  including,  but  not
limited  to,  regulations governing policy terms and conditions, and may
establish other reasonable  limitations;  PROVIDED,  HOWEVER,  THAT  THE
PROVISIONS  OF  PART THIRTY OF TITLE ELEVEN OF THE NEW YORK STATE CODES,
RULES AND REGULATIONS, RELATING TO PRODUCER  COMPENSATION  TRANSPARENCY,
SHALL NOT APPLY TO SUCH POLICIES.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11044-01-3


              

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.