Bill Text: NY S04399 | 2015-2016 | General Assembly | Amended
Bill Title: Relates to providing conditional renewal notices to policyholders; at least thirty days notice.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-06-17 - COMMITTED TO RULES [S04399 Detail]
Download: New_York-2015-S04399-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 4399--A 2015-2016 Regular Sessions IN SENATE March 18, 2015 ___________ Introduced by Sen. ROBACH -- read twice and ordered printed, and when printed to be committed to the Committee on Labor -- recommitted to the Committee on Labor in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the workers' compensation law, in relation to providing conditional renewal notices to policyholders The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 5 of section 54 of the workers' compensation 2 law, as amended by section 23 of part GG of chapter 57 of the laws of 3 2013, is amended to read as follows: 4 5. (a) Cancellation and termination of insurance contracts. No 5 contract of insurance issued by an insurance carrier against liability 6 arising under this chapter shall be cancelled within the time limited in 7 such contract for its expiration unless notice is given as required by 8 this section. When cancellation is due to non-payment of premiums and 9 assessments, such cancellation shall not be effective until at least ten 10 days after a notice of cancellation of such contract, on a date speci- 11 fied in such notice, shall be filed in the office of the chair and also 12 served on the employer. When cancellation is due to any reason other 13 than non-payment of premiums and assessments, such cancellation shall 14 not be effective until at least thirty days after a notice of cancella- 15 tion of such contract, on a date specified in such notice, shall be 16 filed in the office of the chair and also served on the employer; 17 provided, however, in either case, that if the employer has secured 18 insurance with another insurance carrier which becomes effective prior 19 to the expiration of the time stated in such notice, the cancellation 20 shall be effective as of the date of such other coverage. No insurer 21 shall refuse to renew any policy insuring against liability arising 22 under this chapter unless at least thirty days prior to its expiration EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04642-03-6