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NY A03214
Bill
Status
Passed
12/16/2019
Primary Sponsor
Vivian Cook
Click for details
AI Summary
- Amends Financial Services Law Section 405 to add immunity from civil liability for information furnished to or from the National Insurance Crime Bureau
- Defines the National Insurance Crime Bureau as a nonprofit dedicated to investigation and enforcement of banking law or insurance law violations
- Extends existing civil liability protections that already apply to information shared with law enforcement, other regulated persons, and state fraud investigation agencies to also cover the National Insurance Crime Bureau
- Maintains existing fraud and bad faith exceptions to immunity protections
- Takes effect immediately upon enactment
Legislative Description
Relates to immunity from civil liability and information furnished to or from the National Insurance Crime Bureau, which is dedicated to the investigation and prosecution of the banking law or the insurance law.
Last Action
approval memo.47
12/16/2019
Committee Referrals
Insurance5/6/2019
Codes2/4/2019
Banks1/28/2019
Full Bill Text
No bill text available