S03572 Summary:

BILL NOS03572
 
SAME ASSAME AS A08306
 
SPONSORBRESLIN
 
COSPNSR
 
MLTSPNSR
 
Amd §2352, Ins L
 
Permits insurers to make available multiple rating programs for commercial insurance within the same company.
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S03572 Actions:

BILL NOS03572
 
01/30/2021REFERRED TO INSURANCE
01/05/2022REFERRED TO INSURANCE
02/14/20221ST REPORT CAL.488
02/15/20222ND REPORT CAL.
02/16/2022ADVANCED TO THIRD READING
03/02/2022SUBSTITUTED BY A8306
 A08306 AMEND= Cahill
 10/20/2021referred to insurance
 01/05/2022referred to insurance
 02/16/2022reported
 02/17/2022advanced to third reading cal.439
 02/28/2022passed assembly
 02/28/2022delivered to senate
 02/28/2022REFERRED TO INSURANCE
 03/02/2022SUBSTITUTED FOR S3572
 03/02/20223RD READING CAL.488
 03/02/2022PASSED SENATE
 03/02/2022RETURNED TO ASSEMBLY
 04/27/2022delivered to governor
 05/09/2022signed chap.194
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S03572 Committee Votes:

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S03572 Floor Votes:

There are no votes for this bill in this legislative session.
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S03572 Memo:

Memo not available
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S03572 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3572
 
                               2021-2022 Regular Sessions
 
                    IN SENATE
 
                                    January 30, 2021
                                       ___________
 
        Introduced  by  Sen. BRESLIN -- 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 permitting insurers to
          make available multiple rating programs for commercial insurance with-
          in the same company

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. Section 2352 of the insurance law, as added by chapter 457
     2  of the laws of 2011, is amended to read as follows:
     3    § 2352. Multiple rating programs. (a) Subject to the  superintendent's
     4  prior  approval,  an  insurer may establish more than one rating program
     5  within the same company for policies of insurance that  are  subject  to
     6  section  three  thousand four hundred twenty-five or section three thou-
     7  sand four hundred twenty-six of this chapter; provided that:
     8    (1) each rating program shall apply only to policies newly written  on
     9  or  after  the  effective  date  of  the rating program but prior to the
    10  effective date of any subsequently  approved  rating  program;  provided
    11  however  if  an  insurer  terminates  a rating program, then the insurer
    12  shall renew the policies that were  subject  to  the  terminated  rating
    13  program in a subsequently approved rating program.
    14    (2)  the  provisions  of subsection (f) of section three thousand four
    15  hundred twenty-five and subsection (b) of  section  two  thousand  three
    16  hundred  forty-nine  of  this  chapter  shall  be applied to each rating
    17  program to which they are applicable separately.
    18    (b) The superintendent may promulgate rules and regulations to  imple-
    19  ment the provisions of this section.
    20    §  2.  This  act shall take effect on the ninetieth day after it shall
    21  have become a law.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07531-01-1
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S03572 LFIN:

 NO LFIN
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S03572 Chamber Video/Transcript:

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