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AB742 Text:

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________

                                          742

                              2015-2016 Regular Sessions

                                 I N  A S S E M B L Y

                                    January 7, 2015
                                      ___________

       Introduced  by M. of A. STECK -- read once and referred to the Committee
         on Insurance

       AN ACT to amend the insurance law, in relation to requiring  malpractice
         insurance for engineers and architects

         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:

    1    Section 1. The insurance law is amended by adding a new article 81  to
    2  read as follows:

    3                                 ARTICLE 81
    4                     PROFESSIONAL MALPRACTICE INSURANCE
    5  SECTION 8101. ENGINEERS AND ARCHITECTS.
    6    S  8101.  ENGINEERS  AND  ARCHITECTS.  AS A CONDITION OF LICENSING AND
    7  MAINTAINING AN ACTIVE LICENSE, AND PRIOR TO THE ISSUANCE OR  RENEWAL  OF
    8  AN  ACTIVE LICENSE OR REACTIVATION OF AN INACTIVE LICENSE, ENGINEERS AND
    9  ARCHITECTS SHALL OBTAIN AND MAINTAIN PROFESSIONAL LIABILITY COVERAGE  IN
   10  AN  AMOUNT  NOT  LESS THEN ONE MILLION DOLLARS PER CLAIM, WITH A MINIMUM
   11  ANNUAL AGGREGATE OF NOT LESS THAN THREE MILLION DOLLARS.
   12    S 2. This act shall take effect on the one hundred eightieth day after
   13  it shall have become a law.




        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04396-01-5
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