Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to insurance |
Jan 21, 2015 |
referred to insurance |
Senate Bill S2133
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
- 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
2015-S2133 (ACTIVE) - Details
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance
- Laws Affected:
- Amd §18, Chap 266 of 1986
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S4446
2013-2014: S3454
2015-S2133 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2133 TITLE OF BILL: An act to amend chapter 266 of the laws of 1986, amending the civil practice law and rules and other laws relating to malpractice and professional medical conduct, in relation to terms of insurance coverage PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to amend the Excess Medical Malpractice Liability Insurance Coverage Program (created by Chapter 266 of the Laws of 1986) to lower the primary medical malpractice layer required to be eligible for the Excess Program from its currently required level of $1.3 million for each claimant/$3.9 million for all claimants to $1M for each claimant/$3M for all claimants. SUMMARY OF SPECIFIC PROVISIONS: Section 1 of the bill amends paragraph (a) of subdivision 1 of § 18 of Chapter 266 of the Laws of 1986 (as amended by § 15 of Part C of Chapter 59 of the Laws of 2011) to change the required level of primary medical malpractice coverage that a physician or dentist must have in force in order to be eligible for the NYS Excess Medical Malpractice Liability Insurance Coverage Program. Currently the required level is $1.3M for each claimant/$3.9M for all claimants, this legislation would change the level to $1M for each claimant/$3M for all claimants. The total aggregate coverage level will remain
2015-S2133 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2133 2015-2016 Regular Sessions I N S E N A T E January 21, 2015 ___________ Introduced by Sen. FLANAGAN -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT to amend chapter 266 of the laws of 1986, amending the civil practice law and rules and other laws relating to malpractice and professional medical conduct, in relation to terms of insurance cover- age THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (a) of subdivision 1 of section 18 of chapter 266 of the laws of 1986, amending the civil practice law and rules and other laws relating to malpractice and professional medical conduct, as amended by section 18 of part B of chapter 60 of the laws of 2014, is amended to read as follows: (a) The superintendent of [insurance] FINANCIAL SERVICES and the commissioner of health or their designee shall, from funds available in the hospital excess liability pool created pursuant to subdivision 5 of this section, purchase a policy or policies for excess insurance cover- age, as authorized by paragraph 1 of subsection (e) of section 5502 of the insurance law; or from an insurer, other than an insurer described in section 5502 of the insurance law, duly authorized to write such coverage and actually writing medical malpractice insurance in this state; or shall purchase equivalent excess coverage in a form previously approved by the superintendent of insurance for purposes of providing equivalent excess coverage in accordance with section 19 of chapter 294 of the laws of 1985, for medical or dental malpractice occurrences between July 1, 1986 and June 30, 1987, between July 1, 1987 and June 30, 1988, between July 1, 1988 and June 30, 1989, between July 1, 1989 and June 30, 1990, between July 1, 1990 and June 30, 1991, between July 1, 1991 and June 30, 1992, between July 1, 1992 and June 30, 1993, between July 1, 1993 and June 30, 1994, between July 1, 1994 and June 30, 1995, between July 1, 1995 and June 30, 1996, between July 1, 1996 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05300-01-5
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