Bill Text: NY A03560 | 2011-2012 | General Assembly | Introduced
Bill Title: Relates to workers' compensation and employers' liability insurance.
Spectrum: Partisan Bill (Democrat 13-0)
Status: (Introduced - Dead) 2012-01-04 - referred to insurance [A03560 Detail]
Download: New_York-2011-A03560-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 3560 2011-2012 Regular Sessions I N A S S E M B L Y January 25, 2011 ___________ Introduced by M. of A. MORELLE, REILLY, COOK, ZEBROWSKI -- Multi-Spon- sored by -- M. of A. BING, GOTTFRIED, GUNTHER, HOOPER, LUPARDO, MAGEE, McENENY, PHEFFER, ROBINSON -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to workers' compensation insurance and employers' liability insurance THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Paragraph 1 of subsection (a) of section 3426 of the insur- 2 ance law, as amended by chapter 235 of the laws of 1989, is amended to 3 read as follows: 4 (1) "Covered policy" means, for purposes of this section, a policy of 5 commercial risk insurance, professional liability insurance, WORKERS' 6 COMPENSATION INSURANCE, EMPLOYERS' LIABILITY INSURANCE or public entity 7 insurance, and shall include any contract, certificate or other evidence 8 of such insurance. 9 S 2. Paragraph 2 of subsection (l) of section 3426 of the insurance 10 law, as amended by chapter 65 of the laws of 1998, is amended and a new 11 paragraph 3 is added to read as follows: 12 (2) This section shall not apply to policies issued pursuant to a plan 13 established under article fifty-three, fifty-four or fifty-five of this 14 chapter, surety policies, [policies providing workers' compensation or 15 employers' liability coverage,] financial guaranty insurance, policies 16 providing mortgage guaranty or credit insurance, policies principally 17 marine insurance as defined by paragraph twenty of subsection (a) of 18 section one thousand one hundred thirteen of this chapter, legal 19 services insurance, reinsurance contracts, policies written on an excess 20 line basis, or policies subject to section three thousand four hundred 21 twenty-five of this [chapter] ARTICLE. 22 (3) WITH RESPECT TO POLICIES PROVIDING WORKERS' COMPENSATION OR 23 EMPLOYERS' LIABILITY COVERAGE, IN ADDITION TO THE REQUIREMENTS OF THIS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05450-01-1 A. 3560 2 1 SECTION, NO SUCH POLICY SHALL BE DEEMED TO BE CANCELLED OR NONRENEWED 2 UNTIL NOTICE IS FILED IN THE OFFICE OF THE CHAIR OF THE WORKERS' COMPEN- 3 SATION BOARD AND ALSO SERVED UPON THE EMPLOYER PURSUANT TO THE 4 PROVISIONS OF SUBDIVISION FIVE OF SECTION FIFTY-FOUR OF THE WORKERS' 5 COMPENSATION LAW. 6 S 3. This act shall take effect on the thirtieth day after it shall 7 have become a law.