read Read

e-mail E-mailprint Print

2009 SUMMARY OF NEW STATE LAWS – NEW YORK

State Legislative Website

BILL #

CHAPTER #

ISSUE

BILL DESCRIPTION

AB 2021

351

Workers’ Compensation

Provides that workers' compensation payments for permanent partial disability may be made in one lump sum without commutation to a present value amount. Effective date: August 26, 2009.

AB 6093

367

Carbon Monoxide Detectors

Establishes Amanda's Law; requires all residential dwellings to have installed an operable carbon monoxide detector. Effective date: February 22, 2010.

SB 3628

48

State Regulation

Authorizes foreign insurance companies to transfer their corporate domicile to New York. Effective date: May 29, 2009.

SB 4768

289

Fraternals

Enacts the fraternal benefit society risk based capital act of 2009; establishing risk-based capital requirements applicable to fraternal benefit societies and repeals a section relating thereto. Effective date: July 28, 2009.

The information contained in this summary is not intended as a portrayal of every property/casualty-related law enacted in each state. Rather, it represents recently enacted legislation specifically identified by NAMIC State and Regulatory Affairs Staff as bearing direct relevance to those issues that represent NAMIC's National State Legislative Agenda or otherwise deemed pertinent to the interests of the majority of NAMIC members.

This summary is for use as a convenient tool for our members, and is not intended, and should not be considered to be, legal advice. Please consult your legal representatives.