Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.
Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.
Relates to risk retention groups and commuter vans, pre-arranged for-hire vehicles, or accessible vehicles; defines terms; makes related provisions.
Allows commuter vans to accept hails from prospective passengers in the street; directs the New York city taxi and limousine commission to submit to the mayor and the speaker of the council and publish on its website a report on an evaluation of the impact, if any, of authorizing commuter vans to accept hails from passengers in the street on the safe and efficient operation of commuter van services.
Allows commuter vans to accept hails from prospective passengers in the street; directs the New York city taxi and limousine commission to submit to the mayor and the speaker of the council and publish on its website a report on an evaluation of the impact, if any, of authorizing commuter vans to accept hails from passengers in the street on the safe and efficient operation of commuter van services.
Requires pure captive insurance companies and group captive insurance companies who are a public entity, political subdivision, public authority, public benefit corporation, or a subsidiary thereof to hold at least two meetings each year in this state, have a majority of members required to be residents of this state, file an annual report with the governor, the temporary president of the senate, the speaker of the assembly, and the minority leaders of the senate and assembly, and submit to additional examinations.
Captive Insurance Companies
A bill for an act relating to captive insurance companies and life captive reinsurance companies, and including civil penalties.(See HF 2766.)
Insurance; Oklahoma Captive Insurance Company Act; protected cell; conversion; sponsored captive insurance company; legal action; effective date.
An Act Concerning Captive Insurance.