Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 18, 2012 |
signed chap.237 |
Jul 06, 2012 |
delivered to governor |
Jun 20, 2012 |
returned to senate passed assembly ordered to third reading cal.677 substituted for a10160 |
May 31, 2012 |
referred to insurance delivered to assembly passed senate |
May 23, 2012 |
advanced to third reading |
May 22, 2012 |
2nd report cal. |
May 21, 2012 |
1st report cal.842 |
Apr 18, 2012 |
referred to insurance |
Senate Bill S6978
Signed By Governor2011-2012 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
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
Actions
Votes
2011-S6978 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10160
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §§2305 & 2313, Ins L; amd §16, Chap 11 of 2008
2011-S6978 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6978 TITLE OF BILL: An act to amend the insurance law, in relation to workers' compensation rate service organizations; and to amend chapter 11 of the laws of 2008, amending the workers' compensation law, the insurance law, the volunteer ambulance workers' benefit law and the volunteer firefighters' benefit law, relating to rates for workers' compensation insurance and setting forth conditions for a workers' compensation rate service organization, in relation to the effectiveness thereof PURPOSE OF THE BILL: This bill would: (1) extend the time in which a rate service organization ("RSO") may file loss costs or other statistical information, including rating plans, with the Department of Financial Services ("Department") from June 2, 2013 to June 2, 2018; (2) extend the requirement that an RSO have public members as part of its governing structure from June 2, 2013 to June 2, 2018; and (3) provide for the temporary continuation in office of certain publicly-appointed incumbent members of the governing body of an RSO whose term has expired. SUMMARY OF PROVISIONS:
2011-S6978 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6978 I N S E N A T E April 18, 2012 ___________ Introduced by Sen. SEWARD -- (at request of the Department of Financial Services) -- 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 workers' compensation rate service organizations; and to amend chapter 11 of the laws of 2008, amending the workers' compensation law, the insurance law, the volunteer ambulance workers' benefit law and the volunteer firefight- ers' benefit law, relating to rates for workers' compensation insur- ance and setting forth conditions for a workers' compensation rate service organization, in relation to the effectiveness thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (e) of section 2305 of the insurance law, as amended by chapter 11 of the laws of 2008, is amended to read as follows: (e) The superintendent: (1) by regulation may, in lieu of the waiting period set forth in subsection (b) of this section, require workers' compensation insurance rate filings to be specifically approved before they become effective; and (2) shall hold a public hearing if a rate service organization makes a loss cost filing for workers' compensation that is an increase of seven percent or more over the approved loss costs from the prior year. Until June second, two thousand [thirteen] EIGHTEEN, a rate service organization for workers' compensation shall make a loss cost filing every year on or before June first, or such earlier date as is set by the superintendent. S 2. Subsection (s) of section 2313 of the insurance law, as amended by chapter 11 of the laws of 2008, is amended to read as follows: (s) Notwithstanding any other provision of this article, no rate service organization may file rates for workers' compensation insurance after February first, two thousand eight, but a rate service organiza- tion may file loss costs or other statistical information, including rating plans, until June second, two thousand [thirteen] EIGHTEEN. Notwithstanding subsection (j) of this section, any such rate service EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14623-05-2
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