Assembly Bill A8484A

Signed By Governor
2017-2018 Legislative Session

Relates to business entity license renewal dates for insurance brokers

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

  • 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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Votes

Bill Amendments

co-Sponsors

2017-A8484 - Details

See Senate Version of this Bill:
S6445
Law Section:
Insurance Law
Laws Affected:
Amd §§2103 & 2104, Ins L

2017-A8484 - Summary

Changes the dates of business entity license renewal dates for insurance brokers to June thirtieth of odd numbered years.

2017-A8484 - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8484
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 16, 2017
                                ___________
 
 Introduced by M. of A. CAHILL -- read once and referred to the Committee
   on Insurance
 
 AN  ACT  to  amend  the  insurance  law,  in relation to business entity
   license renewal dates
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph 2 of subsection (j) of section 2103 of the insur-
 ance law, as amended by section 2 of part F of chapter 59 of the laws of
 2005, is amended to read as follows:
   (2)  Every  license issued to a business entity pursuant to subsection
 (a) of this section shall expire  on  June  thirtieth  of  odd  numbered
 years.  Every license issued to a business entity pursuant to subsection
 (b)  of  this  section  shall  expire  on  June  thirtieth of [even] ODD
 numbered years. On and after January first, two  thousand  seven,  every
 license  issued  pursuant  to  this  section to an individual, and every
 license in effect prior to January first, two thousand  seven  that  was
 issued pursuant to this section to an individual, who was born in an odd
 numbered  year,  shall  expire  on the individual's birthday in each odd
 numbered year. On and after January first,  two  thousand  seven,  every
 license  issued  pursuant  to  this  section to an individual, and every
 license in effect prior to January first, two thousand  seven  that  was
 issued  pursuant  to  this  section to an individual, who was born in an
 even numbered year, shall expire on the individual's  birthday  in  each
 even  numbered year.   Every such license may be renewed for the ensuing
 period of twenty-four months  upon  the  filing  of  an  application  in
 conformity with this subsection.
   §  2.  Paragraph  1 of subsection (g) of section 2104 of the insurance
 law, as amended by chapter 442 of the laws of 2012, is amended  to  read
 as follows:
   (1)  Every  insurance broker's license issued pursuant to this section
 to a business entity shall be for a term expiring on the  [thirty-first]

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

co-Sponsors

2017-A8484A (ACTIVE) - Details

See Senate Version of this Bill:
S6445
Law Section:
Insurance Law
Laws Affected:
Amd §§2103 & 2104, Ins L

2017-A8484A (ACTIVE) - Summary

Changes the dates of business entity license renewal dates for insurance brokers to June thirtieth of odd numbered years.

2017-A8484A (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  8484--A
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               June 16, 2017
                                ___________
 
 Introduced by M. of A. CAHILL, HUNTER, CURRAN, D. ROSENTHAL -- 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  business  entity
   license renewal dates
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 2 of subsection (j) of section 2103 of the insur-
 ance law, as amended by section 2 of part F of chapter 59 of the laws of
 2005, is amended to read as follows:
   (2) Every license issued to a business entity pursuant  to  subsection
 (a)  of  this  section  shall  expire  on June thirtieth of odd numbered
 years.  Every license issued to a business entity pursuant to subsection
 (b) of this section  shall  expire  on  June  thirtieth  of  [even]  ODD
 numbered  years.  On  and after January first, two thousand seven, every
 license issued pursuant to this section  to  an  individual,  and  every
 license  in  effect  prior to January first, two thousand seven that was
 issued pursuant to this section to an individual, who was born in an odd
 numbered year, shall expire on the individual's  birthday  in  each  odd
 numbered  year.  On  and  after January first, two thousand seven, every
 license issued pursuant to this section  to  an  individual,  and  every
 license  in  effect  prior to January first, two thousand seven that was
 issued pursuant to this section to an individual, who  was  born  in  an
 even  numbered  year,  shall expire on the individual's birthday in each
 even numbered year.  Every such license may be renewed for  the  ensuing
 period  of  twenty-four  months  upon  the  filing  of an application in
 conformity with this subsection. THE SUPERINTENDENT MAY ISSUE SUCH RULES
 AND REGULATIONS AS THE SUPERINTENDENT DEEMS NECESSARY TO  IMPLEMENT  THE
 TERMS OF THIS SUBSECTION.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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