Assembly Bill A8945

Signed By Governor
2019-2020 Legislative Session

Relates to civil immunity for information shared with the National Insurance Crime Bureau

download bill text pdf

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Archive: Last Bill Status Via S7181 - 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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2019-A8945 (ACTIVE) - Details

See Senate Version of this Bill:
S7181
Law Section:
Financial Services Law
Laws Affected:
Amd §405, Fin Serv L (as proposed in S.3505-A & A.3214-A)

2019-A8945 (ACTIVE) - Summary

Relates to civil immunity for information shared with the National Insurance Crime Bureau.

2019-A8945 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8945
 
                           I N  A S S E M B L Y
 
                              January 3, 2020
                                ___________
 
 Introduced  by  M. of A. COOK -- read once and referred to the Committee
   on Banks
 
 AN ACT to amend the financial services law, in relation to civil immuni-
   ty for information shared with the National Insurance Crime Bureau
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1. Section 405 of the financial services law, as amended by a
 chapter of the laws of 2019, amending the financial services law  relat-
 ing to immunity from civil liability for certain information relating to
 insurance  or  banking  violations,  as  proposed  in  legislative bills
 numbers S. 3505-A and A. 3214-A, is amended to read as follows:
   § 405. Immunity. In the absence of  fraud  or  bad  faith,  no  person
 subject to the provisions of this chapter, the banking law or the insur-
 ance  law  shall  be  subject  to civil liability, and no civil cause of
 action of any nature shall arise against such person for any: (a) infor-
 mation relating to suspected violations of the banking law or the insur-
 ance law furnished  to  law  enforcement  officials,  their  agents  and
 employees; (b) information relating to suspected violations of the bank-
 ing  law  or the insurance law furnished to other persons subject to the
 provisions of this chapter; (c) information furnished in reports to  the
 financial  frauds  and consumer protection unit, its agents or employees
 or any state agency investigating fraud or misconduct relating to finan-
 cial fraud, its agents or employees; and  (d)  information  RELATING  TO
 INSURANCE  FRAUD AS DEFINED IN SECTION 176.05 OF THE PENAL LAW furnished
 to [or from] the National Insurance Crime Bureau. For  the  purposes  of
 this  section  the  National Insurance Crime Bureau is a nonprofit dedi-
 cated to [investigation and enforcement of the banking law or the insur-
 ance law] THE PROSECUTION OF INSURANCE  FRAUD  AND  VEHICLE  CRIME.  The
 superintendent  or  any  employee  of  the financial frauds and consumer
 protection unit, in the absence of fraud or  bad  faith,  shall  not  be
 subject  to  civil  liability and no civil cause of action of any nature
 shall arise against the superintendent or any such employee by virtue of
 the publication of any report or bulletin related to the official activ-
 ities of the financial frauds  and  consumer  protection  unit.  Nothing
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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