NY A07317 | 2023-2024 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on May 17 2023 - 25% progression
Action: 2024-01-30 - print number 7317a
Pending: Assembly Insurance Committee
Text: Latest bill text (Amended) [HTML]
Status: Introduced on May 17 2023 - 25% progression
Action: 2024-01-30 - print number 7317a
Pending: Assembly Insurance Committee
Text: Latest bill text (Amended) [HTML]
Summary
Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.
Title
Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.
Sponsors
| Asm. Edward Braunstein [D] | Asm. Rebecca Seawright [D] | Asm. Yudelka Tapia [D] | Asm. Rodneyse Bichotte Hermelyn [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-30 | Assembly | print number 7317a |
| 2024-01-30 | Assembly | amend (t) and recommit to insurance |
| 2024-01-03 | Assembly | referred to insurance |
| 2023-05-17 | Assembly | referred to insurance |
Same As/Similar To
S07975 (Same As) 2024-01-04 - REFERRED TO FINANCE
