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NY A10952

Bill

Status

Introduced

8/17/2020

Primary Sponsor

Michael Cusick

Click for details

Origin

Assembly

2019-2020 General Assembly

AI Summary

  • Amends Insurance Law Section 2108(l)(1) to exclude independent adjusters from bonding requirements
  • Eliminates the requirement for independent adjusters to file a $1,000 bond with the superintendent of financial services
  • Maintains bonding requirements for all other types of adjusters and their sub-licensees
  • Takes effect immediately upon enactment

Legislative Description

Removes certain bonding requirements for independent insurance adjusters.

Last Action

referred to insurance

8/17/2020

Committee Referrals

Insurance8/17/2020

Full Bill Text

No bill text available