Bill Title: Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced) 2024-01-30 - print number 7317a [A07317 Detail]

Text: Latest bill text (Amended) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Assemblymember Edward Braunstein [D]	Primary	Sponsored Bills	HD-026	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Rebecca Seawright [D]	Cosponsor	Sponsored Bills	HD-076	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Yudelka Tapia [D]	Cosponsor	Sponsored Bills	HD-086	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Rodneyse Bichotte Hermelyn [D]	Cosponsor	Sponsored Bills	HD-042	FollowTheMoney	Ballotpedia	VoteSmart

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