What's happening
This bill extends certain legal protections and exemptions for medical malpractice insurers in New York through December 31, 2022.
Why it matters
Ensures continued stability for medical malpractice insurers. by extending exemptions from certain insurance regulations, which may help keep premiums more predictable for doctors and hospitals.
Delays potential insolvency actions. against medical malpractice insurers by preventing state-initiated rehabilitation or liquidation proceedings through the end of 2022, possibly safeguarding ongoing coverage for healthcare providers.
Impacts the broader healthcare system. by aiming to maintain the availability of malpractice insurance, which is crucial for doctors to practice and for patients to have access to care—especially during periods of market stress or uncertainty.
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Who cares
Headline styles
Extend Malpractice Insurance Protections
Plain English, a few words. Used as the page title.
Sponsors
No co-sponsors yet.
History
- Substituted by S6547
- Ordered to third reading rules cal.572
- Rules report cal.572
- Reported
- Reported referred to rules
- Referred to ways and means
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Extend Malpractice Insurer Protections
Signed by Governor · Sponsor Neil D. Breslin
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
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 Assembly, do enact as follows:
Section 1. Section 1325 of the insurance law, as amended by section 1 of part X of chapter 57 of the laws of 2015, is amended to read as follows:
§ 1325. Exemption. For the purposes of exempting certain insurance companies from the provisions of section one thousand three hundred twenty-four of this article, the superintendent shall exempt, through December thirty-first, two thousand [nineteen] twenty-two, those stock and non-stock insurance companies to which subparagraph (B) of paragraph two of subsection (b) of such section applies.
§ 2. Subsection (c) of section 2343 of the insurance law, as amended by section 2 of part X of chapter 57 of the laws of 2015, is amended to read as follows:
(c) Notwithstanding any other provision of this chapter, no application for an order of rehabilitation or liquidation of a domestic insurer whose primary liability arises from the business of medical malpractice insurance, as that term is defined in subsection (b) of section five thousand five hundred one of this chapter, shall be made on the grounds specified in subsection (a) or (c) of section seven thousand four hundred two of this chapter at any time prior to December thirty-first, two thousand [nineteen] twenty-two.
§ 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
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.