Provides that the sale of a non-indemnity legal service plan shall not constitute doing an insurance business in this state; makes related provisions.
Impact
If enacted, A08006 will have a significant impact on how legal service plans are regulated in New York. By exempting non-indemnity legal service plans from insurance classification, the bill is expected to facilitate the growth of these services without the stringent regulations that typically govern the insurance industry. This move could potentially make legal services more accessible to individuals, allowing for innovative service delivery models that do not operate under traditional insurance frameworks. Moreover, it may encourage competition among service providers and enhance consumer choice in legal assistance.
Summary
Bill A08006 proposes an amendment to the insurance law concerning the definition and categorization of non-indemnity legal service plans within the state of New York. The bill specifically states that the sale of such plans shall not be classified as engaging in the insurance business. This change aims to clarify the regulatory framework surrounding these legal service offerings, distinguishing them from traditional insurance products. The bill defines non-indemnity legal service plans as those where legal services are provided to members via arrangements directly with independent attorneys, who are compensated on a capitated basis.
Contention
While the bill is positioned as a means to streamline legal service provision, it may generate debate regarding its implications for consumer protection. Critics could argue that exempting non-indemnity legal service plans from insurance oversight might reduce the accountability and standards associated with these services compared to traditional insurance products. Advocates, however, may contend that this differentiation encourages a more adaptable legal service landscape, catering specifically to the needs of consumers seeking flexible legal solutions.
Same As
Provides that the sale of a non-indemnity legal service plan shall not constitute doing an insurance business in this state; makes related provisions.
Establishes the New York first--shop local program to provide immediate assistance to small businesses impacted by the COVID-19 outbreak; defines terms; provides that such program shall identify eligible applicants and projects that promote local products and services by providing marketing and business assistance services; makes related provisions.
Establishes the New York first--shop local program to provide immediate assistance to small businesses impacted by the COVID-19 outbreak; defines terms; provides that such program shall identify eligible applicants and projects that promote local products and services by providing marketing and business assistance services; makes related provisions.
Relates to prohibitions on rebating and discrimination in rates and payments under insurance policies; provides that certain services shall not be considered to be an inducement or rebate unless the superintendent determines that the offer and sale of such services constituted the sole reason for the purchase of such insurance policy.
Relates to prohibitions on rebating and discrimination in rates and payments under insurance policies; provides that certain services shall not be considered to be an inducement or rebate unless the superintendent determines that the offer and sale of such services constituted the sole reason for the purchase of such insurance policy.
Provides that the tax imposed upon the sales on goods or services purchased from businesses which employ twenty or less persons, are resident in this state, are independently owned and operated and not dominant in their field shall be two percent.
Provides that the tax imposed upon the sales on goods or services purchased from businesses which employ twenty or less persons, are resident in this state, are independently owned and operated and not dominant in their field, shall be two percent.
Provides that a foreign corporation's application for authority to do business in this state constitutes consent to jurisdiction of the courts of this state and a surrender of such application constitutes withdrawal of such consent.
Provides that a foreign corporation's application for authority to do business in this state constitutes consent to jurisdiction of the courts of this state and a surrender of such application constitutes withdrawal of such consent.