Senate Bill S6909

2015-2016 Legislative Session

Relates to coverage for punitive damages and civil penalties

download bill text pdf

Sponsored By

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

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2015-S6909 (ACTIVE) - Details

See Assembly Version of this Bill:
A10002
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd ยง3420, Ins L
Versions Introduced in Other Legislative Sessions:
2017-2018: S423, A4734
2019-2020: S1604, A6251
2021-2022: A1813
2023-2024: A654

2015-S6909 (ACTIVE) - Summary

Permits a liability policy to provide coverage for punitive damages, civil penalties and other non-compensatory damages.

2015-S6909 (ACTIVE) - Sponsor Memo

2015-S6909 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6909

                            I N  S E N A T E

                              March 4, 2016
                               ___________

Introduced  by  Sen.  SEWARD -- 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 a liability
  policy to provide coverage for punitive damages and civil penalties

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  3420 of the insurance law is amended by adding a
new subsection (k) to read as follows:
  (K) A LIABILITY POLICY MAY  PROVIDE  COVERAGE  FOR  PUNITIVE  DAMAGES,
CIVIL PENALTIES OR OTHER NON-COMPENSATORY DAMAGES.
  S 2. This act shall take effect immediately.








 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14052-02-6


              

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