STATE OF NEW YORK
________________________________________________________________________
8345
2019-2020 Regular Sessions
IN ASSEMBLY
June 15, 2019
___________
Introduced by M. of A. LAVINE -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the insurance law, in relation to extending certain
provisions related to medical malpractice insurers
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 1325 of the insurance law, as amended by section 1
2 of part X of chapter 57 of the laws of 2015, is amended to read as
3 follows:
4 § 1325. Exemption. For the purposes of exempting certain insurance
5 companies from the provisions of section one thousand three hundred
6 twenty-four of this article, the superintendent shall exempt, through
7 December thirty-first, two thousand [nineteen] twenty-two, those stock
8 and non-stock insurance companies to which subparagraph (B) of paragraph
9 two of subsection (b) of such section applies.
10 § 2. Subsection (c) of section 2343 of the insurance law, as amended
11 by section 2 of part X of chapter 57 of the laws of 2015, is amended to
12 read as follows:
13 (c) Notwithstanding any other provision of this chapter, no applica-
14 tion for an order of rehabilitation or liquidation of a domestic insurer
15 whose primary liability arises from the business of medical malpractice
16 insurance, as that term is defined in subsection (b) of section five
17 thousand five hundred one of this chapter, shall be made on the grounds
18 specified in subsection (a) or (c) of section seven thousand four
19 hundred two of this chapter at any time prior to December thirty-first,
20 two thousand [nineteen] twenty-two.
21 § 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13376-01-9
