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NY S07181
Bill
Status
4/17/2020
Primary Sponsor
Neil Breslin
Click for details
AI Summary
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Amends Section 405 of the financial services law to extend civil immunity protections to information shared with the National Insurance Crime Bureau.
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Protects persons from civil liability when furnishing information relating to insurance fraud (as defined in Penal Law Section 176.05) to the National Insurance Crime Bureau, absent fraud or bad faith.
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Redefines the National Insurance Crime Bureau's purpose as prosecution of insurance fraud and vehicle crime, removing reference to banking and insurance law investigation and enforcement.
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Maintains existing immunity protections for information shared with law enforcement, other regulated persons, and state fraud investigation agencies.
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Takes effect on the same date as the 2019 legislation (S. 3505-A and A. 3214-A) that created the original immunity framework.
Legislative Description
Relates to civil immunity for information shared with the National Insurance Crime Bureau.
Last Action
SIGNED CHAP.79
4/17/2020