S06463 Summary:

BILL NOS06463
 
SAME ASSAME AS A09313
 
SPONSORLIBOUS
 
COSPNSRAVELLA
 
MLTSPNSR
 
Amd S2131, Ins L
 
Requires wireless communications equipment vendors offering insurance on such equipment to disclose whether they pay a commission to the wireless communications equipment retailer.
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S06463 Actions:

BILL NOS06463
 
02/13/2012REFERRED TO INSURANCE
04/25/20121ST REPORT CAL.567
04/26/20122ND REPORT CAL.
04/30/2012ADVANCED TO THIRD READING
05/30/2012PASSED SENATE
05/30/2012DELIVERED TO ASSEMBLY
05/30/2012referred to insurance
06/19/2012substituted for a9313
06/19/2012ordered to third reading cal.655
06/19/2012passed assembly
06/19/2012returned to senate
12/05/2012DELIVERED TO GOVERNOR
12/17/2012VETOED MEMO.187
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S06463 Floor Votes:

DATE:06/19/2012Assembly Vote  YEA/NAY: 126/16
Yes
Abbate
Yes
Ceretto
Yes
Glick
Yes
Lentol
No
Murray
Yes
Ryan
Yes
Abinanti
Yes
Clark
Yes
Goldfeder
Yes
Lifton
Yes
Nolan
Yes
Saladino
Yes
Amedore
Yes
Colton
No
Goodell
Yes
Linares
Yes
Oaks
Yes
Sayward
Yes
Arroyo
ER
Conte
Yes
Gottfried
No
Lopez PD
Yes
O'Donnell
Yes
Scarborough
Yes
Aubry
Yes
Cook
Yes
Graf
Yes
Lopez VJ
Yes
Ortiz
Yes
Schimel
Yes
Barclay
Yes
Corwin
Yes
Gunther
Yes
Losquadro
No
Palmesano
Yes
Schimminger
Yes
Barrett
Yes
Crespo
No
Hanna
Yes
Lupardo
Yes
Paulin
Yes
Simanowitz
Yes
Barron
Yes
Crouch
Yes
Hawley
Yes
Magee
Yes
Peoples Stokes
Yes
Simotas
Yes
Benedetto
Yes
Curran
Yes
Heastie
Yes
Magnarelli
Yes
Perry
Yes
Skartados
No
Blankenbush
Yes
Cusick
Yes
Hevesi
Yes
Maisel
Yes
Pretlow
No
Smardz
ER
Boyland
Yes
Cymbrowitz
Yes
Hikind
No
Malliotakis
Yes
Quart
Yes
Stevenson
Yes
Boyle
Yes
DenDekker
Yes
Hooper
Yes
Markey
Yes
Ra
Yes
Sweeney
Yes
Braunstein
Yes
Dinowitz
Yes
Jacobs
Yes
Mayer
Yes
Rabbitt
Yes
Tedisco
Yes
Brennan
Yes
Duprey
Yes
Jaffee
Yes
McDonough
Yes
Raia
No
Tenney
Yes
Brindisi
Yes
Englebright
ER
Jeffries
Yes
McEneny
Yes
Ramos
Yes
Thiele
Yes
Bronson
Yes
Espinal
No
Johns
Yes
McKevitt
Yes
Reilich
Yes
Titone
Yes
Brook Krasny
Yes
Farrell
ER
Jordan
No
McLaughlin
Yes
Reilly
Yes
Titus
Yes
Burling
Yes
Finch
ER
Katz
ER
Meng
Yes
Rivera J
Yes
Tobacco
Yes
Butler
No
Fitzpatrick
Yes
Kavanagh
No
Miller D
Yes
Rivera N
No
Walter
Yes
Cahill
No
Friend
Yes
Kearns
Yes
Miller JM
Yes
Rivera PM
Yes
Weinstein
Yes
Calhoun
Yes
Gabryszak
Yes
Kellner
Yes
Miller MG
Yes
Roberts
Yes
Weisenberg
Yes
Camara
Yes
Galef
Yes
Kolb
Yes
Millman
Yes
Robinson
Yes
Weprin
Yes
Canestrari
Yes
Gantt
ER
Lancman
Yes
Montesano
Yes
Rodriguez
Yes
Wright
Yes
Castelli
Yes
Gibson
No
Latimer
Yes
Morelle
Yes
Rosenthal
Yes
Zebrowski
ER
Castro
Yes
Giglio
Yes
Lavine
Yes
Moya
Yes
Russell
Yes
Mr. Speaker

‡ Indicates voting via videoconference
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S06463 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          6463
 
                    IN SENATE
 
                                    February 13, 2012
                                       ___________
 
        Introduced  by  Sen.  LIBOUS -- 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 disclosures by limited
          licensees which are wireless communications equipment vendors
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 

     1    Section  1.  Subparagraph  (E)  of  paragraph  2  of subsection (e) of
     2  section 2131 of the insurance law, as amended by chapter 368 of the laws
     3  of 2010, is amended to read as follows:
     4    (E) the price, deductible,  benefits,  exclusions  and  conditions  or
     5  other  limitations of such policies, and, with regard to wireless commu-
     6  nications equipment policies, disclose, when a commission is paid  to  a
     7  retail  representative, provided that a commission is to be so paid, and
     8  notwithstanding any other provision of law, rule or  regulation  to  the
     9  contrary  regarding  producer  compensation, the disclosures required by
    10  this subparagraph shall be deemed to be in full compliance with any such
    11  law, rule or regulation;
    12    § 2. Section 2131 of the insurance law is amended by  adding  two  new

    13  subsections (m) and (n) to read as follows:
    14    (m)  For  purposes  of this section, with respect to insurance offered
    15  and provided to wireless communications equipment vendors,  "commission"
    16  shall  mean  the provision by a wireless communications equipment vendor
    17  to a retail representative of monetary  remuneration,  which  is  solely
    18  contingent  upon  a consumer's decision to enroll in a wireless communi-
    19  cation equipment vendor insurance policy.
    20    (n) Except as otherwise provided for in this section,  the  provisions
    21  of  part thirty of title eleven of New York state codes, rules and regu-
    22  lations, and any other law, rule or regulation regarding  disclosure  of
    23  producer  compensation shall not apply to wireless communications equip-

    24  ment policies.
    25    § 3. This act shall take effect on the thirtieth day  after  it  shall
    26  have become a law.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14507-01-2
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