A06699 Summary:

SAME ASNo same as
SPONSORSchimminger (MS)
COSPNSRMorelle, Reilly, Galef, Linares, Rivera P
Add SS51 & 52, amd S50, Nav L; amd S2105, Ins L
Requires public vessels operating in New York state to carry marine protection and indemnity insurance; permits excess line brokers to provide marine liability insurance; allows owners of public vessels to be self-insured upon approval of the commissioner of parks, recreation and historic preservation.
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A06699 Actions:

03/25/2011referred to insurance
06/07/2011reported referred to codes
01/04/2012referred to insurance
02/08/2012amend and recommit to insurance
02/08/2012print number 6699a
03/20/2012reported referred to codes
05/03/2012advanced to third reading cal.510
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A06699 Memo:

submitted in accordance with Assembly Rule III, Sec 1(f)
SPONSOR: Schimminger (MS)
  TITLE OF BILL: An act to amend the insurance law and the navigation law, in relation to requiring certain policies of insurance for public vessels which carry passengers   PURPOSE OF THE BILL: Requires public vessels operating in New York State to carry marine protection and indemnity insurance.   SUMMARY OF SPECIFIC PROVISIONS: Section one of the bill clarifies subsection (a) of section 2105 of the insurance Jaw regarding the - authority of excess line brokers to provide marine liability insurance. Section two of the bill amends section 50 of the navigation law to state no certificate of inspection or temporary permit shall be issued unless the owner of a public vessel produces proof of insurance to the inspec- tor. Section three of the bill adds two new sections 51 and 52 of the naviga- tion law. Section 51 of the bill requires owners of public vessels certified to carry passengers which operate on the navigable waters of the state, except vessels which navigate on waters over which the United States exercises active control, to obtain marine protection and indem- nity insurance as defined in Insurance Law Section 1113(a) (21). This coverage may take the form of a surety bond or may be purchased from an authorized (licensed) insurer or through a licensed excess line broker. An owner or operator of a public vessel seeking a certificate of inspection under the Navigation Law must submit proof of this liability insurance, with a minimum coverage of one million dollars per occur- rence, upon the request of any person possessing the authority to enforce the provisions of the Navigation Law,. This section also makes the failure to do so a misdemeanor. Section 52 of the bill allows for owners of public vessels to be self- insured upon the approval of the commissioner. Section four of the bill contains the effective date.
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