Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 19, 2014 |
ordered to third reading rules cal.533 rules report cal.533 reported reported referred to rules |
Jun 18, 2014 |
reported referred to codes |
Jan 22, 2014 |
print number 1132a |
Jan 22, 2014 |
amend and recommit to insurance |
Jan 08, 2014 |
referred to insurance |
Jan 09, 2013 |
referred to insurance |
Assembly Bill A1132A
2013-2014 Legislative Session
Sponsored By
WEINSTEIN
Archive: Last Bill Status - On Floor Calendar
- 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
Bill Amendments
co-Sponsors
Kenneth Zebrowski
Felix Ortiz
David Weprin
Jeffrey Dinowitz
multi-Sponsors
Edward Braunstein
Steven Englebright
Earlene Hooper
Joan Millman
2013-A1132 - Details
2013-A1132 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1132 2013-2014 Regular Sessions I N A S S E M B L Y (PREFILED) January 9, 2013 ___________ Introduced by M. of A. WEINSTEIN, ZEBROWSKI, ORTIZ, WEPRIN, DINOWITZ, PEOPLES-STOKES, COLTON, JAFFEE, CYMBROWITZ, ABINANTI, MARKEY, TITONE -- Multi-Sponsored by -- M. of A. BRAUNSTEIN, HOOPER, RAIA, STEVENSON -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to requiring all motor vehicle insurers to file annual financial statements and detailed claim data with the superintendent of financial services THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "automobile insurance sunshine act of 2013". S 2. Legislative intent. The legislature hereby finds and declares that insurance companies issuing motor vehicle policies in this state owe a duty to the consumers they insure and to those who may in the future be insured by them, to fully disclose in a public and transparent manner all elements relating to their financial condition and solvency. Automobile use and operation is a cornerstone of modern life; in fact, auto insurance is the only coverage most New Yorkers are required by law to purchase. New York's consumers have a right to know the details and specifics of the factors and circumstances behind the financial solvency of their insurer as well as the bases for the rates they are required to pay to retain their legally mandated coverage. The determination of auto insurance premiums in New York has, unfortunately, gone on too long in obscurity, with those who bear the premium rates unable to learn reasons why they are set where they are. As a matter of public trust, automobile liability insurers should make public the pertinent facts related to their premium determinations and financial solvency. It is the sense of the legislature that this data should be disclosed in an open and public manner. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02265-02-3
co-Sponsors
Kenneth Zebrowski
Felix Ortiz
David Weprin
Jeffrey Dinowitz
multi-Sponsors
Edward Braunstein
Steven Englebright
Earlene Hooper
Joan Millman
2013-A1132A (ACTIVE) - Details
2013-A1132A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1132--A 2013-2014 Regular Sessions I N A S S E M B L Y (PREFILED) January 9, 2013 ___________ Introduced by M. of A. WEINSTEIN, ZEBROWSKI, ORTIZ, WEPRIN, DINOWITZ, PEOPLES-STOKES, COLTON, JAFFEE, CYMBROWITZ, ABINANTI, MARKEY, TITONE, MOSLEY, PERRY, BENEDETTO, SCHIMEL, BRINDISI, STIRPE, WEISENBERG, MONTESANO, STECK, THIELE, LIFTON -- Multi-Sponsored by -- M. of A. BRAUNSTEIN, ENGLEBRIGHT, HOOPER, MILLMAN, RAIA, SEPULVEDA, SWEENEY -- read once and referred to the Committee on Insurance -- recommitted to the Committee on Insurance in accordance with Assembly Rule 3, sec. 2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the insurance law, in relation to requiring all motor vehicle insurers to file annual financial statements and detailed claim data with the superintendent of financial services THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "automobile insurance sunshine act of 2014". S 2. Legislative intent. The legislature hereby finds and declares that insurance companies issuing motor vehicle policies in this state owe a duty to the consumers they insure and to those who may in the future be insured by them, to fully disclose in a public and transparent manner all elements relating to their financial condition and solvency. Automobile use and operation is a cornerstone of modern life; in fact, auto insurance is the only coverage most New Yorkers are required by law to purchase. New York's consumers have a right to know the details and specifics of the factors and circumstances behind the financial solvency of their insurer as well as the bases for the rates they are required to pay to retain their legally mandated coverage. The determination of auto insurance premiums in New York has, unfortunately, gone on too long in obscurity, with those who bear the premium rates unable to learn reasons why they are set where they are. As a matter of public trust, automobile EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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.