New York Senate Bill S04863 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 4863--A 2023-2024 Regular Sessions  IN SENATE February 16, 2023 ___________ Introduced by Sens. COONEY, SCARCELLA-SPANTON -- read twice and ordered printed, and when printed to be committed to the Committee on Insur- ance -- recommitted to the Committee on Insurance in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the insurance law, in relation to the sale of a non-in- demnity legal service plan The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (b) of section 1101 of the insurance law is 2 amended by adding a new paragraph 9 to read as follows: 3 (9)(A) Notwithstanding the foregoing, the sale of a non-indemnity 4 legal service plan shall not constitute doing an insurance business in 5 this state. 6 (B) For purposes of this paragraph, a non-indemnity legal service plan 7 includes any plan, regardless of the benefits, where legal services are 8 available to members, or their dependents, through an organization that 9 contracts directly with independent attorneys for the provision of the 10 legal services and the organization pays the independent attorney via a 11 capitated arrangement and the independent attorney receives no addi- 12 tional payment or reimbursement from the organization for specified 13 legal services or specified legal expenses. 14 § 2. This act shall take effect on the thirtieth day after it shall 15 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08779-02-4