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NY S03505
Bill
Status
Passed
12/16/2019
Primary Sponsor
Neil Breslin
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 organization dedicated to investigation and enforcement of banking and insurance law violations
- Extends existing civil liability protections to cover communications with the National Insurance Crime Bureau, in addition to law enforcement, other regulated entities, and state fraud investigation agencies
- Maintains existing protections that immunity does not apply in cases of fraud or bad faith
- 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
Insurance2/8/2019
Full Bill Text
No bill text available