Bill Text: NY A07357 | 2023-2024 | General Assembly | Introduced

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Bill Title: Extends the effectiveness of certain provisions of law relating to limits on certain supplementary insurance.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2023-05-31 - substituted by s7157 [A07357 Detail]

Download: New_York-2023-A07357-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7357

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      May 18, 2023
                                       ___________

        Introduced by M. of A. TAYLOR -- read once and referred to the Committee
          on Insurance

        AN  ACT  to amend chapter 490 of the laws of 2017 amending the insurance
          law relating to limits on certain supplementary insurance, in relation
          to the effectiveness thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Section 2 of chapter 490 of the laws of 2017 amending the
     2  insurance law relating to limits on certain supplementary insurance,  as
     3  amended by section 1 of item S of subpart B of part XXX of chapter 58 of
     4  the laws of 2020, is amended to read as follows:
     5    § 2. This act shall take effect on the one hundred eightieth day after
     6  it  shall  have  become a law, and shall apply to new insurance policies
     7  and contracts issued on and after such effective date and  shall  expire
     8  and be deemed repealed June 30, [2023] 2026.
     9    § 2. This act shall take effect immediately.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11483-01-3