Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Aug 11, 2014 |
signed chap.275 |
Aug 01, 2014 |
delivered to governor |
Jun 12, 2014 |
returned to assembly passed senate 3rd reading cal.967 substituted for s4374a |
Jun 12, 2014 |
substituted by a9458a |
Jun 03, 2014 |
amended on third reading 4374a |
Jun 02, 2014 |
advanced to third reading |
May 29, 2014 |
2nd report cal. |
May 28, 2014 |
1st report cal.967 |
Jan 08, 2014 |
referred to insurance |
Mar 25, 2013 |
referred to insurance |
Senate Bill S4374A
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status Via A9458 - 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
Bill Amendments
2013-S4374 - Details
- See Assembly Version of this Bill:
- A9458
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §3201, Ins L
2013-S4374 - Sponsor Memo
BILL NUMBER:S4374 TITLE OF BILL: An act to amend the insurance law, to allow for certain life insurance policy provisions to be disclosed in an alternative, equally prominent manner PURPOSE: The purpose of the bill is to amend §3201(c)(4) of the insurance law to authorize the Superintendent of Financial Services to approve certain life insurance policy provisions to be disclosed on the application in an alternative, equally prominent manner. Current law only allows such disclosure to be put forth in red ink, capital letters and twelve point font. SUMMARY OF PROVISIONS: This bill amends § 3201(c)(4) of the insurance law to add language to provide that the requisite disclosure on life insurance policy applications related to any war or travel limitations in the policy can be put forth in an equally prominent manner to red ink, capital letters and twelve point type, so long as the alternative, prominent disclosure has been approved by the Superintendent of the Department of Financial Services. EXISTING LAW:
2013-S4374 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4374 2013-2014 Regular Sessions I N S E N A T E March 25, 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, to allow for certain life insurance policy provisions to be disclosed in an alternative, equally prominent manner THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of paragraph 4 of subsection (c) of section 3201 of the insurance law is amended to read as follows: The superintendent shall not approve any life insurance policy form containing any war or travel exclusion or restriction, for delivery or issuance for delivery in this state, unless such policy form shall have printed or stamped across its face in red and in capital letters not smaller than twelve point type, OR IN AN EQUALLY PROMINENT MANNER AS APPROVED BY THE SUPERINTENDENT, the following: S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09743-01-3
2013-S4374A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9458
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §3201, Ins L
2013-S4374A (ACTIVE) - Sponsor Memo
BILL NUMBER:S4374A TITLE OF BILL: An act to amend the insurance law, to allow for certain life insurance policy provisions to be disclosed in an alternative, equally prominent manner PURPOSE: The purpose of the bill is to amend § 3201(c)(4) of the insurance law to authorize the Superintendent of Financial Services to develop an alternative to the disclosure requirements for certain life insurance policy provisions. Current law only allows such disclosure to be put forth in red ink, capital letters and twelve point font. SUMMARY OF PROVISIONS: This bill amends § 3201(c)(4) of the insurance law to add language to provide that the Superintendent can, at his discretion, develop a uniform alternative to the requisite disclosure on life insurance policy applications that is equally prominent manner to the current requirement that the disclosure be in red ink, capital letters and twelve point type. EXISTING LAW: Current law only allows such disclosure to be put forth in red ink, capital letters and twelve point font. JUSTIFICATION: Section 3201(c)(4) of the insurance law provides the disclosure that must be included on a life insurance policy application if it contains a limitation or restriction related to war or travel. Such disclosure is required to be put forth in red ink,
2013-S4374A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4374--A Cal. No. 967 2013-2014 Regular Sessions I N S E N A T E March 25, 2013 ___________ Introduced by Sen. SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance -- recommitted to the Committee on Insurance in accordance with Senate Rule 6, sec. 8 -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the insurance law, to allow for certain life insurance policy provisions to be disclosed in an alternative, equally prominent manner THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph of paragraph 4 of subsection (c) of section 3201 of the insurance law is amended to read as follows: The superintendent shall not approve any life insurance policy form containing any war or travel exclusion or restriction, for delivery or issuance for delivery in this state, unless such policy form shall have printed or stamped across its face in red and in capital letters not smaller than twelve point type, OR IN AN EQUALLY PROMINENT MANNER ESTAB- LISHED AT THE DISCRETION OF THE SUPERINTENDENT AND PROMULGATED THROUGH REGULATIONS, the following: S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09743-03-4
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.