NY S05896 | 2023-2024 | General Assembly
Status
Spectrum: Bipartisan Bill
Status: Engrossed on May 3 2023 - 50% progression
Action: 2024-05-23 - referred to insurance
Pending: Assembly Insurance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Engrossed on May 3 2023 - 50% progression
Action: 2024-05-23 - 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
Roll Calls
2024-05-23 - Senate - Senate Floor Vote - Final Passage (Y: 57 N: 0 NV: 0 Abs: 5) [PASS]
2024-04-15 - Senate - Senate Insurance Committee Vote (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]
2023-05-03 - Senate - Senate Floor Vote - Final Passage (Y: 61 N: 0 NV: 0 Abs: 2) [PASS]
2023-04-24 - Senate - Senate Insurance Committee Vote (Y: 10 N: 0 NV: 0 Abs: 1) [PASS]
2024-04-15 - Senate - Senate Insurance Committee Vote (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]
2023-05-03 - Senate - Senate Floor Vote - Final Passage (Y: 61 N: 0 NV: 0 Abs: 2) [PASS]
2023-04-24 - Senate - Senate Insurance Committee Vote (Y: 10 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-05-23 | Assembly | referred to insurance |
| 2024-05-23 | Senate | DELIVERED TO ASSEMBLY |
| 2024-05-23 | Senate | PASSED SENATE |
| 2024-04-17 | Senate | ADVANCED TO THIRD READING |
| 2024-04-16 | Senate | 2ND REPORT CAL. |
| 2024-04-15 | Senate | 1ST REPORT CAL.800 |
| 2024-01-03 | Senate | REFERRED TO INSURANCE |
| 2024-01-03 | Assembly | returned to senate |
| 2024-01-03 | Assembly | died in assembly |
| 2023-05-03 | Assembly | referred to insurance |
| 2023-05-03 | Senate | DELIVERED TO ASSEMBLY |
| 2023-05-03 | Senate | PASSED SENATE |
| 2023-04-26 | Senate | ADVANCED TO THIRD READING |
| 2023-04-25 | Senate | 2ND REPORT CAL. |
| 2023-04-24 | Senate | 1ST REPORT CAL.632 |
| 2023-03-22 | Senate | REFERRED TO INSURANCE |
Same As/Similar To
A05253 (Same As) 2024-01-03 - referred to insurance
