S05356 Summary:
| BILL NO | S05356 |
| SAME AS | No Same As |
| SPONSOR | COMRIE |
| COSPNSR | |
| MLTSPNSR | |
| Add §9112, Ins L | |
| Relates to taxes on foreign fire insurance premiums; permits local governments to update outdated laws related to the disbursement of foreign fire insurance. | |
S05356 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 5356 2025-2026 Regular Sessions IN SENATE February 20, 2025 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT to amend the insurance law, in relation to the disbursement of foreign fire insurance premiums 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 section 9112 2 to read as follows: 3 § 9112. Foreign fire insurance premiums. Notwithstanding any other 4 provision of this law or any general, special or local law to the 5 contrary, the governing body of any city, town or village may adopt by 6 local law or charter provision the repeal of any existing local law or 7 charter provision that is not in compliance with this article. 8 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD09486-01-5