Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 18, 2017 |
approval memo.40 signed chap.469 |
Dec 06, 2017 |
delivered to governor |
Jun 15, 2017 |
returned to assembly passed senate |
Jun 14, 2017 |
3rd reading cal.1593 substituted for s1005 |
Jun 14, 2017 |
substituted by a1620 ordered to third reading cal.1593 |
Jun 06, 2017 |
reported and committed to rules |
Jan 06, 2017 |
referred to labor |
Senate Bill S1005
Signed By Governor2017-2018 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status Via A1620 - 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
co-Sponsors
(R, C, IP, RFM) Senate District
2017-S1005 (ACTIVE) - Details
2017-S1005 (ACTIVE) - Sponsor Memo
BILL NUMBER: S1005 TITLE OF BILL : An act to amend the workers' compensation law, in relation to providing conditional renewal notices to policyholders PURPOSE : The purpose of this bill is to require that insurance carriers provide conditional renewal notices to workers' compensation policyholders when the premium will increase more than ten percent upon renewal with an affiliated insurance company that is under common control with the previous insurer. SUMMARY OF PROVISIONS : This legislation amends the workers' compensation law by adding a subdivision 5b to section 54 of the workers compensation law JUSTIFICATION : Under current Insurance Law Section 3426(e), commercial policyholders are entitled to receive a conditional renewal notice 60 to 120 days in advance of the expiration date of their policy if the premium for their renewal policy will increase by more than ten percent.
2017-S1005 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1005 2017-2018 Regular Sessions I N S E N A T E January 6, 2017 ___________ Introduced by Sen. ROBACH -- read twice and ordered printed, and when printed to be committed to the Committee on Labor AN ACT to amend the workers' compensation law, in relation to providing conditional renewal notices to policyholders THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 5 of section 54 of the workers' compensation law, as amended by section 23 of part GG of chapter 57 of the laws of 2013, is amended to read as follows: 5. (A) Cancellation and termination of insurance contracts. No contract of insurance issued by an insurance carrier against liability arising under this chapter shall be cancelled within the time limited in such contract for its expiration unless notice is given as required by this section. When cancellation is due to non-payment of premiums and assessments, such cancellation shall not be effective until at least ten days after a notice of cancellation of such contract, on a date speci- fied in such notice, shall be filed in the office of the chair and also served on the employer. When cancellation is due to any reason other than non-payment of premiums and assessments, such cancellation shall not be effective until at least thirty days after a notice of cancella- tion of such contract, on a date specified in such notice, shall be filed in the office of the chair and also served on the employer; provided, however, in either case, that if the employer has secured insurance with another insurance carrier which becomes effective prior to the expiration of the time stated in such notice, the cancellation shall be effective as of the date of such other coverage. No insurer shall refuse to renew any policy insuring against liability arising under this chapter unless at least thirty days prior to its expiration notice of intention not to renew has been filed in the office of the chair and also served on the employer. Such notice shall be served on the employer by delivering it to him, her or it or by sending it by mail, by certified or registered letter, return receipt requested, addressed to the employer at his, her or its last known place of business; provided that, if the employer be a part-
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