Assembly Bill A3994

Signed By Governor
2021-2022 Legislative Session

Removes certain bonding requirements for independent insurance adjusters

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions
Votes

co-Sponsors

2021-A3994 (ACTIVE) - Details

See Senate Version of this Bill:
S5761
Law Section:
Insurance Law
Laws Affected:
Amd §2108, Ins L
Versions Introduced in 2019-2020 Legislative Session:
A10952

2021-A3994 (ACTIVE) - Summary

Removes certain bonding requirements for independent insurance adjusters.

2021-A3994 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3994
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 1, 2021
                                ___________
 
 Introduced by M. of A. CUSICK -- read once and referred to the Committee
   on Insurance
 
 AN  ACT  to amend the insurance law, in relation to removing the bonding
   requirement for independent adjusters
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph 1 of subsection (l) of section 2108 of the insur-
 ance law is amended to read as follows:
   (1)  No adjuster's license or renewal license, OTHER THAN AN INDEPEND-
 ENT ADJUSTER'S LICENSE, shall be issued to any  applicant  unless  there
 shall  be  on file with the superintendent OF FINANCIAL SERVICES a bond,
 executed by such [the] applicant and by approved sureties, in the  penal
 sum  of  one thousand dollars conditioned on the faithful performance by
 such licensee and by all sub-licensees named in such license,  of  their
 duties as such adjusters.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01931-01-1

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.