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BILL #

CHAPTER #

ISSUE

BILL DESCRIPTION

AB 6344

21

Homeowner's Insurance

Requires homeowners and dwelling fire personal lines policy holders to be provided with an annual notice that their policy does not cover damage caused by flooding or mudslides and that such insurance is available under a separate policy issued in accordance with the national flood insurance program. Effective date: September 1, 2008.

AB 8634

406

Identity Theft

Provides consumers who are victims of domestic violence with a free security freeze report upon request; prohibits consumer credit reporting agencies from advising a third party of the fact that a consumer requesting a freeze is alleging to be the victim of domestic violence or identity theft. Effective date: August 5, 2008.

AB 9817

11

Workers' Compensation

Amends the workers' compensation law, the insurance law, the volunteer ambulance workers' benefit law and the volunteer firefighters' benefit law; amends rates; sets forth conditions for a workers' compensation rate service organization; provides for repeals; provides for collection and analysis of insurance data, loss costs, public hearings, underwriting committees, medical claims committees, payroll audits, administration of claims and medical, surgical and hospital care of injured workers. Effective date: February 1, 2008.

AB 9882

71

Investments

Relates to authorizing domestic life, property/casualty, reciprocal, mortgage guaranty, co-operative property/casualty and financial guaranty insurers to enter into derivative transactions. Effective date: May 7, 2008.

AB 10371

191

Fraud Prevention

Changes the date by which insurers required to file a fraud prevention plan must deliver a report to the Superintendent of Insurance regarding the insurer's experience, performance, and cost effectiveness in implementation of the plan; changes the date by which the Superintendent must deliver a report concerning fraud investigations to the Governor, the Speaker of the Assembly, and President of the Senate. Effective date: July 7, 2008.

AB 10625

516

Personal Information

Relates to disposal of records; provides no person, business, firm, partnership, association or corporation, not including the State or its political subdivisions, shall dispose of a record containing personal identifying information unless such person or entities under contract shreds record before disposal, destroys personal identifying information, modifies record or takes actions consistent with industry practices; exempts an individual person to comply unless such person conducts business for profit. Effective date: September 4, 2008.

SB 561

221

Commercial Vehicles

Provides penalties for operation of commercial vehicles with excess gross weight on highways and parkways; increases such penalties for repeated offenses within 18 month period. Effective date: November 1, 2008.

SB 1829

226

Identity Theft

Increases the penalty for the crimes of identity theft and unlawful possession of personal identification information when the victim is a member of the armed forces and the perpetrator knows that the victim is a member of the armed forces. Effective date: November 4, 2008.

SB 2645

301

State Regulation

Relates to further restricting the definition of independent adjusters to exclude certain officers and employees within a holding company system, unless acting as an auto body repair estimator; exempts certain persons working for related reinsurers and for certain life insurance company. Effective date: July 21, 2008.

SB 3712

229

Asbestos

Regulates asbestos projects; establishes sanctions against asbestos contractors and substantially owned-affiliated entities of such contractors, who violate certain licensing and certification requirements for asbestos handling; defines asbestos projects as work undertaken which involves removal, encapsulation, enclosure, repair of disturbance of friable or non-friable asbestos, or handling of asbestos material which may result in a release except for work in an owner occupied single family dwelling. Effective date: July 7, 2008.

SB 4074

77

Producer Licensing

Relates to reporting on insurance agent licensing exams; requests applicants provide certain personal information for statistical purposes; provides the Superintendent will require all written examinations request the applicant to give identifying information, gender, native language, highest level of education, race or ethnicity; provides for an unambiguous statement that applicant is not required to disclose race, gender, native language or level of education and not be penalized. Effective date: September 18, 2008.

SB 6431

354

Auto Liens

Amends the lien law; relates the sale of a motor vehicle to satisfy a lien; relates to the value of such motor vehicles. Effective date: September 19, 2008.

SB 6535

540

Insolvencies

Requires that an insurance rehabilitator or liquidator submit annual financial statements for domestic insurance corporations subject to rehabilitation or liquidation; requires that an annual financial statement be submitted by the Liquidation Bureau. Effective date: December 31, 2009.

SB 6749

311

Financial Regulation

Relates to the accounting of certain assets in determining the financial condition of a domestic or foreign insurer; revises provisions relating to electronic data processing apparatus and related equipment, tax assets, and affiliates and subsidiaries; makes a technical change relating to trade names; provides for conformity with practices of the National Association of Insurance Commissioners. Effective date: July 21, 2008.

SB 8376

279

Identity Theft

Relates to identity theft, prohibits an employer from releasing and employee's Social Security number; makes crime of unlawful possession of skimmer device; provides assistance to victims of identity theft; provides responsibilities for consumer reporting agencies; relates to security freezes; prohibits a consumer reporting agency from charging an identity theft victim a fee; prohibits an entity of State or local government from releasing an individual's SSN or requiring it on certain documents. Effective date: January 6, 2009.

SB 8400

322

Workers' Compensation

Amends the Workers' Compensation Law; relates to requiring carriers and the state insurance fund to file notification of the issuance, amendment or reinstatement, cancellation or termination of insurance contracts and the imposition of penalties against carriers and the state insurance fund for failing to provide such notice; provides that all penalties shall be deposited in the uninsured employers' fund. Effective date: October 19, 2008.

SB 8466

132

Medical Malpractice

Extends the provisions of Chapter 673 relating to excess medical malpractice insurance until 2013. Effective date: November 1, 2008.

SB 8516

385

Medical Malpractice

Exempts certain medical malpractice liability insurance companies from provisions of law applicable to risk-based capital for property/casualty insurance companies. Effective date: July 21, 2008.

SB 8624

136

State Regulation

Extends certain provisions of law relating to the New York property insurance underwriting association and provisions relating to homeowners' insurance; extends certain stand-by powers of the New York property insurance underwriting association; makes permanent certain provisions relating to the setting of automobile and property/casualty insurance rates; provides for flexible rating for non-business automobile insurance policies. Effective date: Varies.

SB 8708

139

Workers' Compensation

Amends the Workers' Compensation Law; relates to individual and group self-insurers and security for payment of compensation and a default offset fund; creates a task force on group self-insurance; relates to the duties of the group administrator; relates to the occupational health clinic network and advisory committees. Effective date: Varies.