Assembly Bill A2202

Signed By Governor
2023-2024 Legislative Session

Clarifies the excess line insurance placement affidavit requirements

download bill text pdf

Sponsored By

Current Bill Status Via S1318 - 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

2023-A2202 (ACTIVE) - Details

See Senate Version of this Bill:
S1318
Law Section:
Insurance Law
Laws Affected:
Amd §2118, Ins L (as proposed in S.8127 & A.9088)

2023-A2202 (ACTIVE) - Summary

Clarifies the excess line insurance placement affidavit requirements.

2023-A2202 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2202
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2023
                                ___________
 
 Introduced by M. of A. HUNTER -- read once and referred to the Committee
   on Insurance
 
 AN  ACT to amend the insurance law, in relation to clarifying the excess
   line insurance placement affidavit requirements
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Subparagraph  (C)  of  paragraph  3  of subsection (b) of
 section 2118 of the insurance law, as amended by a chapter of  the  laws
 of  2022  amending  the insurance law relating to simplifying the excess
 line insurance placement affidavit requirements, as proposed in legisla-
 tive bills numbers S. 8127 and A. 9088, is amended to read as follows:
   (C) Every licensee, or affirming broker, in connection with the place-
 ment of each risk pursuant to this section [not  otherwise  exempt  from
 the  diligent    effort  requirement],  shall  record  on  the affidavit
 required pursuant to subparagraph (A) of this paragraph the  name,  DATE
 OF THE DECLINATION, and  national  association  of insurance commission-
 ers  code  of  each  authorized insurer declining a risk and information
 relied upon that formed  the  basis  of  such  licensee's  or  affirming
 broker's  reason  to  believe that the authorized insurer might consider
 writing the type of coverage or class of insurance involved.  [No  addi-
 tional diligent effort information shall be reported on the affidavit] A
 LICENSEE  OR  AFFIRMING  BROKER  SHALL  NOT BE REQUIRED TO RECORD ON THE
 AFFIDAVIT THE NAME OF THE REPRESENTATIVE DECLINING THE RISK, THE  REPRE-
 SENTATIVE'S AFFILIATION, OR THE REASON FOR THE DECLINATION.
   §  2.  This  act  shall  take  effect on the same date and in the same
 manner as a chapter of the laws  of  2022  amending  the  insurance  law
 relating  to  simplifying  the excess line insurance placement affidavit
 requirements, as proposed in legislative bills numbers S.  8127  and  A.
 9088, takes effect.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04213-01-3

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.