Bill Text: NY A06447 | 2011-2012 | General Assembly | Introduced

---

Bill Title: Extends the provisions of New York property insurance underwriting association.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2012-03-19 - enacting clause stricken [A06447 Detail]

Download: New_York-2011-A06447-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6447
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 16, 2011
                                      ___________
       Introduced  by M. of A. MORELLE -- read once and referred to the Commit-
         tee on Insurance
       AN ACT to  amend  the  insurance  law,  in  relation  to  extending  the
         provisions of the New York property insurance underwriters association
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subsection (g) of section 5412 of  the  insurance  law,  as
    2  amended  by  chapter  136  of  the  laws  of 2008, is amended to read as
    3  follows:
    4    (g) The provisions of this section shall cease to be of any  force  or
    5  effect  on  or  after  June  thirtieth,  two thousand [eleven] THIRTEEN,
    6  except that policies issued or other obligations incurred by the associ-
    7  ation shall not be impaired by the expiration of this  section  and  the
    8  association  shall  continue  for the purpose of servicing such policies
    9  and performing such obligations.
   10    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10290-01-1