New York State Assembly

 
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A03214 Summary:

A03214 Actions:

A03214 Committee Votes:

Committee:BANKS   Chair:Zebrowski      
DATE:02/04/2019AYE/NAY:26/0  Action: Favorable refer to committee Codes        
Zebrowski
Aye
Lalor
Aye
Perry
Excused
Finch
Aye
Abbate
Excused
Mikulin
Aye
Miller
Aye
Smith
Aye
Weprin
Aye
Manktelow
Aye
Rodriguez
Aye
Salka
Aye
Bichotte
Aye
Schmitt
Aye
Blake
Excused
Smullen
Aye
Jean-Pierre
Aye
Seawright
Aye
Richardson
Excused
Dickens
Aye
De La Rosa
Aye
Vanel
Aye
Wright
Aye
Niou
Aye
Taylor
Aye
Barnwell
Aye
Stern
Aye
Hevesi
Excused
Sayegh
Aye
Burke
Aye
Buttenschon
Aye

Committee:CODES   Chair:Lentol      
DATE:04/30/2019AYE/NAY:20/0  Action: Favorable         
Lentol
Aye
Ra
Aye
Schimminger
Aye
Giglio
Aye
Pretlow
Aye
Montesano
Aye
Cook
Aye
Morinello
Aye
Cymbrowitz
Aye
Palumbo
Aye
O'Donnell
Excused
Garbarino
Aye
Lavine
Aye
Perry
Aye
Zebrowski
Excused
Abinanti
Aye
Weprin
Aye
Mosley
Aye
Hevesi
Aye
Fahy
Aye
Seawright
Aye
Rosenthal
Aye

A03214 Floor Votes:

A03214 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)



 
BILL NUMBER: A3214A               REVISED MEMO 04/25/2019
 
SPONSOR: Cook

 
TITLE OF BILL:  An act to amend the financial services law, in
relation to immunity from civil liability for certain information relat-
ing to insurance or banking violations
 
 
PURPOSE:
 
This bill grants immunity for reports of suspected fraud made by or to
the National Insurance Crime Bureau, a nonprofit dedicated to the inves-
tigation and prosecution of insurance fraud.
 
 
SUMMARY OF PROVISIONS:
 
Section 1 adds (d) to section 405 of the Financial Services Law

Section 2 is the effective date.
 
 
JUSTIFICATION:
 
Information sharing is the most important tool in fighting insurance
fraud. Providing adequate protections to organizations that compile data
on the state and national level from insurance companies and federal,
state and local law enforcement will allow for greater exchange of
information in New York. This statutory immunity already exists in a
majority of states including California, Florida, Pennsylvania and
Texas. Increasing the exchange of information is significantly aiding
federal, state and local law enforcement fraud and vehicle theft inves-
tigations.
 
Broadening the exchange of information among those fighting fraud will
have a positive impact on the New York anti-fraud environment and
provide an immediate boost to information sharing for our state.
 
 
LEGISLATIVE HISTORY:
 
A.8281- 2017/18; S.696 - 2018 Passed the Senate
 
 
FISCAL IMPLICATIONS:
 
None.
 
 
EFFECTIVE DATE:
Immediately.

A03214 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         3214--A
 
                               2019-2020 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 28, 2019
                                       ___________
 
        Introduced  by  M. of A. COOK, WRIGHT, DICKENS, GOTTFRIED, SAYEGH, HYND-
          MAN, RICHARDSON, GRIFFIN, TAYLOR, WILLIAMS, ARROYO --  Multi-Sponsored
          by  --  M. of A.   BUTTENSCHON, SIMON -- read once and referred to the
          Committee on Banks -- reported and referred to the Committee on  Codes
          --  committee  discharged,  bill amended, ordered reprinted as amended
          and recommitted to said committee
 
        AN ACT to amend the financial services law, in relation to immunity from
          civil liability for certain information relating to insurance or bank-
          ing violations
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Section  405  of the financial services law is amended to
     2  read as follows:
     3    § 405. Immunity. In the absence of  fraud  or  bad  faith,  no  person
     4  subject to the provisions of this chapter, the banking law or the insur-
     5  ance  law  shall  be  subject  to civil liability, and no civil cause of
     6  action of any nature shall arise against such person for any: (a) infor-
     7  mation relating to suspected violations of the banking law or the insur-
     8  ance law furnished  to  law  enforcement  officials,  their  agents  and
     9  employees; (b) information relating to suspected violations of the bank-
    10  ing  law  or the insurance law furnished to other persons subject to the
    11  provisions of this chapter; [and] (c) information furnished  in  reports
    12  to  the  financial  frauds  and  consumer protection unit, its agents or
    13  employees or any state agency investigating fraud or misconduct relating
    14  to financial  fraud,  its  agents  or  employees;  and  (d)  information
    15  furnished  to  or  from  the  National  Insurance  Crime Bureau. For the
    16  purposes of this section  the  National  Insurance  Crime  Bureau  is  a
    17  nonprofit  dedicated to investigation and enforcement of the banking law
    18  or the insurance law.  The superintendent or any employee of the  finan-
    19  cial frauds and consumer protection unit, in the absence of fraud or bad
    20  faith,  shall  not  be  subject to civil liability and no civil cause of
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08049-04-9
        A. 3214--A                          2
 
     1  action of any nature shall arise against the superintendent or any  such
     2  employee  by virtue of the publication of any report or bulletin related
     3  to  the  official  activities  of  the  financial  frauds  and  consumer
     4  protection unit. Nothing herein is intended to abrogate or modify in any
     5  way  any  common  law  privilege  or  immunity heretofore enjoyed by any
     6  person.
     7    § 2. This act shall take effect immediately.

A03214 Chamber Video/Transcript: