Bill Text: NY A06466 | 2015-2016 | General Assembly | Amended

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Bill Title: Directs superintendent of financial services to establish a separate classification for setting rates for liability insurance for installers of wind or solar electric generating systems; provides for a premium reduction to those installers which have no or minimal insurance claims.

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Introduced - Dead) 0000-00-00 - [A06466 Detail]

Download: New_York-2015-A06466-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6466
                               2015-2016 Regular Sessions
                   IN ASSEMBLY
                                     March 25, 2015
                                       ___________
        Introduced by M. of A. ENGLEBRIGHT, MARKEY, FINCH, COLTON -- Multi-Spon-
          sored  by -- M. of A.  McDONOUGH, SCHIMEL -- read once and referred to
          the Committee on Insurance
        AN ACT to amend the insurance law, in relation to directing  the  super-
          intendent of financial services to establish a separate classification
          for  liability insurance for businesses engaged in the installation of
          wind or solar electric generating systems
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. The insurance law is amended by adding a new section 2346-b
     2  to read as follows:
     3    §  2346-b. Reduction in rates of liability insurance for installers of
     4  wind or solar electric generating systems. (a) For the purposes of  this
     5  section:
     6    (1)  "Solar  electric  generating  system" means a photovoltaic system
     7  that is manufactured, installed and operated in accordance with applica-
     8  ble government and industry standards, and  that  is  connected  to  the
     9  electric  system  and  operated  in  conjunction with an electric corpo-
    10  ration's transmission and distribution facilities.
    11    (2) "Wind electric generating system" means one or more  wind  genera-
    12  tors  that  are  manufactured, installed and operated in accordance with
    13  applicable government and industry standards, and that are connected  to
    14  the  electric  system  and  operated in parallel with an electric corpo-
    15  ration's transmission and distribution facilities.
    16    (b) The superintendent shall establish a separate  classification  for
    17  the determination of rates and premiums for liability, motor vehicle and
    18  workers'  compensation  provided  to any person or entity engaged in the
    19  business of installing solar and/or wind electric generating systems.
    20    (c) The superintendent shall provide for a reduction in the  rates  of
    21  liability,  motor  vehicle  and workers' compensation insurance premiums
    22  applicable to solar and/or wind electricity  generating  system  instal-
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07391-01-5