Bill Text: NY S07626 | 2017-2018 | General Assembly | Introduced

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Bill Title: Extends the effectiveness of provisions of law establishing an excess line advisory organization until 2024.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2018-12-28 - SIGNED CHAP.488 [S07626 Detail]

Download: New_York-2017-S07626-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7626
                    IN SENATE
                                    January 31, 2018
                                       ___________
        Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
          printed to be committed to the Committee on Insurance
        AN ACT to amend chapter 630 of the laws of 1988, amending the  insurance
          law  relating to establishing an excess line advisory organization, in
          relation to the effective date thereof
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Section 5 of chapter 630 of the laws of 1988, amending the
     2  insurance law relating to establishing an excess line advisory organiza-
     3  tion, as amended by chapter 20 of the laws of 2013, is amended  to  read
     4  as follows:
     5    §  5. This act shall take effect January 1, 1989 and shall cease to be
     6  of any force or effect after July 1, [2019] 2024.
     7    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14560-02-8