A08660 Summary:

BILL NOA08660
 
SAME ASNo Same As
 
SPONSORLawler
 
COSPNSR
 
MLTSPNSR
 
Add Art 81 8101, Ins L
 
Provides that the governing body of municipal corporation, may by resolution agree to join together with any municipal corporation or corporations to establish a joint insurance fund for the purpose of insuring against liability, property damage, and workers' compensation, insuring against loss or theft of moneys or securities, providing blanket bond coverage of certain county or municipal officers and employees for faithful performance and discharge of their duties under the public officers' law, insuring against bodily injury and property damage claims arising from environmental impairment liability and legal representation therefor to the extent that such coverages; makes related provisions.
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A08660 Actions:

BILL NOA08660
 
01/10/2022referred to insurance
05/11/2022held for consideration in insurance
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A08660 Committee Votes:

INSURANCE Chair:Cahill DATE:05/11/2022AYE/NAY:18/7 Action: Held for Consideration
CahillAyeBlankenbushNay
CookAyeHawleyNay
PretlowAyeByrneNay
RiveraAyeSchmittNay
CymbrowitzAyePalmesanoNay
LavineAyeDiPietroNay
SteckAyeGandolfoNay
DilanAye
HunterAye
NiouAye
RosenthalAye
SternAye
McDonaldAye
JacobsonAye
WilliamsAye
MeeksAye
ForrestAye
AndersonAye

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A08660 Floor Votes:

There are no votes for this bill in this legislative session.
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A08660 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8660
 
                   IN ASSEMBLY
 
                                    January 10, 2022
                                       ___________
 
        Introduced by M. of A. LAWLER -- read once and referred to the Committee
          on Insurance
 
        AN  ACT  to  amend  the insurance law, in relation to creating the joint
          insurance fund
 
          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                            JOINT INSURANCE FUND
     5  Section 8101. Joint insurance fund.
     6    § 8101. Joint insurance fund. (a)  The  governing  body  of  municipal
     7  corporation, may by resolution agree to join together with any municipal
     8  corporation  or corporations to establish a joint insurance fund for the
     9  purpose of insuring against liability,  property  damage,  and  workers'
    10  compensation,  insuring  against  loss or theft of moneys or securities,
    11  providing blanket bond coverage of certain county or municipal  officers
    12  and  employees  for  faithful  performance and discharge of their duties
    13  under the public officers' law, insuring against bodily injury and prop-
    14  erty damage claims arising from environmental impairment  liability  and
    15  legal  representation  therefor  to  the  extent that such coverages, as
    16  approved by the superintendent, are provided by the purchase  of  insur-
    17  ance  and  no  risk  is  retained by the fund, providing contributory or
    18  non-contributory group health insurance or group term life insurance, or
    19  both, to employees or their dependents or both, through self  insurance,
    20  the  purchase of commercial insurance or reinsurance, or any combination
    21  thereof, and insuring against any loss from  liability  associated  with
    22  sick leave payment for service connected disability, and may appropriate
    23  such  moneys  as  are required therefor. The maximum risk to be retained
    24  for group term life insurance by a joint insurance fund  on  a  self-in-
    25  sured  basis shall not exceed a face amount of five thousand dollars per
    26  covered employee or dependent or more if approved by the superintendent.
    27    (b) The governing body of any municipal corporation, may by resolution
    28  agree to join together with any other municipal corporation to establish
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14064-01-1

        A. 8660                             2
 
     1  a joint insurance fund for the sole purpose of insuring  against  bodily
     2  injury  and property damage claims arising from environmental impairment
     3  liability and legal representation therefor to the extent and for cover-
     4  ages approved by the superintendent.
     5    § 2. This act shall take effect on the one hundred twentieth day after
     6  it  shall have become a law. Effective immediately, the addition, amend-
     7  ment and/or repeal of any rule or regulation necessary for the implemen-
     8  tation of this act on its effective date are authorized to be  made  and
     9  completed on or before such effective date.
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