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NY S02796
Bill
Status
Engrossed
3/31/2023
Primary Sponsor
Neil Breslin
Click for details
AI Summary
- Removes the requirement for licensees to obtain a declination from medical malpractice insurance associations or plans before placing coverage with unauthorized insurers
- Eliminates medical malpractice insurance for general hospitals, physicians, and dentists from the list of coverage types that require association declinations before excess line placement
- Maintains declination requirements for non-commercial motor vehicle liability insurance and insurance that must be provided by authorized insurers
- Requires affirming brokers to provide written notice to insureds that placement was made with an unauthorized insurer and include specific disclosures about lack of state authorization and insolvency protections
- Takes effect immediately upon enactment
Legislative Description
Relates to medical malpractice excess line insurance.
Last Action
referred to insurance
3/21/2024
Committee Referrals
Insurance3/21/2024
Insurance1/3/2024
Insurance3/31/2023
Insurance1/24/2023
Full Bill Text
No bill text available