NY A05253 | 2023-2024 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 7 2023 - 25% progression
Action: 2024-01-03 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on March 7 2023 - 25% progression
Action: 2024-01-03 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers where a retail producing insurance broker seeks to procure or place commercial lines insurance through an unaffiliated wholesale excess line insurance broker.
Title
Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers where a retail producing insurance broker seeks to procure or place commercial lines insurance through an unaffiliated wholesale excess line insurance broker.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-03 | Assembly | referred to insurance |
| 2023-03-07 | Assembly | referred to insurance |
Same As/Similar To
S05896 (Same As) 2024-04-17 - ADVANCED TO THIRD READING
