NY A08463 | 2009-2010 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 21 2009 - 25% progression, died in chamber
Action: 2009-07-28 - SIGNED CHAP.289
Status: Introduced on May 21 2009 - 25% progression, died in chamber
Action: 2009-07-28 - SIGNED CHAP.289
Summary
This bill would amend the law to make all authorized fraternal benefit societies subject to the risk-based capital ("RBC") requirements of Insurance Law S1322. Currently, a fraternal benefit society must file an RBC report only if it provides the benefits set forth in Insurance Law S4527, or makes optional investments set forth in Insurance Law S4530. Only four fraternal benefit societies are currently subject to the RBC requirements set forth in Insurance Law S1322.
Title
Enacts the fraternal benefit society risk based capital act of 2009; establishing risk-based capital requirements applicable to fraternal benefit societies.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2009-06-16 | substituted by s4768 | |
| 2009-06-16 | rules report cal.355 | |
| 2009-06-16 | reported | |
| 2009-06-10 | reported referred to rules | |
| 2009-05-21 | referred to insurance |
Same As/Similar To
S04768 (Same As) 2009-07-28 - SIGNED CHAP.289
New York State Sources
| Type | Source |
|---|---|
| Summary | https://assembly.state.ny.us/leg/?default_fld=&bn=A08463&term=2009&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y |
