Bill Text: NY S06547 | 2019-2020 | General Assembly | Introduced
Bill Title: Extends certain provisions related to medical malpractice providers.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2019-10-29 - SIGNED CHAP.435 [S06547 Detail]
Download: New_York-2019-S06547-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 6547 2019-2020 Regular Sessions IN SENATE June 15, 2019 ___________ Introduced by Sen. BRESLIN -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the insurance law, in relation to extending certain provisions related to medical malpractice insurers The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 1325 of the insurance law, as amended by section 1 2 of part X of chapter 57 of the laws of 2015, is amended to read as 3 follows: 4 § 1325. Exemption. For the purposes of exempting certain insurance 5 companies from the provisions of section one thousand three hundred 6 twenty-four of this article, the superintendent shall exempt, through 7 December thirty-first, two thousand [nineteen] twenty-two, those stock 8 and non-stock insurance companies to which subparagraph (B) of paragraph 9 two of subsection (b) of such section applies. 10 § 2. Subsection (c) of section 2343 of the insurance law, as amended 11 by section 2 of part X of chapter 57 of the laws of 2015, is amended to 12 read as follows: 13 (c) Notwithstanding any other provision of this chapter, no applica- 14 tion for an order of rehabilitation or liquidation of a domestic insurer 15 whose primary liability arises from the business of medical malpractice 16 insurance, as that term is defined in subsection (b) of section five 17 thousand five hundred one of this chapter, shall be made on the grounds 18 specified in subsection (a) or (c) of section seven thousand four 19 hundred two of this chapter at any time prior to December thirty-first, 20 two thousand [nineteen] twenty-two. 21 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13376-01-9