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| December
5, 2002 | October
21, 2002 | September
30, 2002 |
| Septermber 11, 2002
| October 31, 2001
| November 28, 2000
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| November 7, 2000
| October 6, 2000
| August 1, 2000
| January 13, 2000
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Enacted Law Bulletin
September 30, 2002
The following bills
have recently been acted upon by the Governor. If you would like a
complete
copy of any of these bills either visit the “Bills & Laws” section
of the Senate website at http://public.leginfo.state.ny.us/menuf.cgi
and type in the bill number (e.g. A9181)
or contact the Association office at 518-432-4227.
| Nolan
-- Excludes licensed insurance agents or brokers from
coverage under unemployment insurance and workers' compensation
provisions under certain circumstances to recognize that certain
insurance brokers and agents are true independent contractors
and should be excluded from coverage of the unemployment and workers'
compensation law. Same as S.2404 SEWARD
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| Weprin
-- Enacts the structured settlement protection act to
protect recipients of structured settlements and to maintain the
integrity of structured settlements for use in settling personal
injury lawsuits and workers' compensation law claims and to defend
the public policies that favor structured settlements. Same as
S.7810 LACK
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| Weinstein
(MS) -- Requires the providing of supplemental spousal
liability insurance upon written request of an insured and upon
payment of a reasonable premium. This bill would require insurers
to provide notice of certain statutory limitations on excess liability
coverage for injuries caused by an insured to his or her spouse,
and make available, at the request of the insured, supplemental
liability coverage for injuries to an insured's spouse caused
by the insured. Same as S.6581 SEWARD
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| Rules (Grannis) -- Relates to the accounting of certain assets to allow deferred tax assets as an admitted asset of insurers under certain circumstances and within certain limitations. The NAIC recently adopted recommendations regarding the reconciliation of differences in states' statutory accounting rules for insurers and rules that apply to non-insurance corporations. State accounting rules are more conservative guidelines used to monitor solvency requirements and make certain that liquid assets are available to pay losses and claims. The state Insurance Department (SID) has adopted many of the NAIC standards by regulation. This bill would revise the manner in which deferred tax assets (DTAs) are treated under the Insurance Law by allowing insurers to count them as admitted assets under certain circumstances and within certain limitations.
The overall amount of DTAs which can be admitted is capped under
this bill, and only certain DTAs are eligible for the special
treatment. Last Act: 09/24/02 Signed Chapter 599
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