Bill Text: NY S07339 | 2011-2012 | General Assembly | Introduced
Bill Title: Requires six months notice when cancelling the insurance policy of any small business.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2012-05-02 - REFERRED TO INSURANCE [S07339 Detail]
Download: New_York-2011-S07339-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
7339
I N S E N A T E
May 2, 2012
___________
Introduced by Sen. ADDABBO -- read twice and ordered printed, and when
printed to be committed to the Committee on Insurance
AN ACT to amend the insurance law, in relation to requiring six months
notice when cancelling the insurance policy of any small business
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 3114
2 to read as follows:
3 S 3114. CANCELLATION OF SMALL BUSINESS POLICIES. 1. FOR THE PURPOSES
4 OF THIS SECTION, THE TERM "SMALL BUSINESS" SHALL MEAN ANY BUSINESS
5 ENTERPRISE RESIDING WITHIN THE STATE THAT HAS FIFTY EMPLOYEES OR LESS.
6 2. BEFORE THE POLICY OF INSURANCE OF ANY SMALL BUSINESS IS CANCELLED,
7 SUCH SMALL BUSINESS SHALL BE PROVIDED SIX MONTHS NOTICE.
8 S 2. This act shall take effect on the one hundred twentieth day after
9 it shall have become a law. Effective immediately, the addition, amend-
10 ment and/or repeal of any rules or regulations necessary for the imple-
11 mentation of this act on its effective date are authorized to be made on
12 or before such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15604-01-2
