S5896 (2023-24 session)

NY State bill

Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers where a retail producing insurance broker seeks to procure or place commercial lines insurance through an unaffiliated wholesale excess line insurance broker.

Title
Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers
Type
New York State Senate bill
Session
2023-24 session
Status
In Assembly Committee
Latest action date
2024-05-23
In committee
Insurance
Introduced
2023-03-22
Same as
A5253
Law section
Insurance Law

Sponsors

Co-sponsors

Heard in committee

Committee meetings

Committee meetings that took this bill up, from the Senate's published agendas. The Assembly does not publish its committee agendas in machine-readable form, so an Assembly committee's consideration of a bill is not on this list.

Sources