Bill Text: NY A06870 | 2017-2018 | General Assembly | Introduced

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Bill Title: Directs superintendent of financial services to establish a separate classification for setting rates for liability insurance for installers of wind or solar electric generating systems; provides for a premium reduction to those installers which have no or minimal insurance claims.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2018-01-03 - referred to insurance [A06870 Detail]

Download: New_York-2017-A06870-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6870
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                     March 22, 2017
                                       ___________
        Introduced  by M. of A. ENGLEBRIGHT, COLTON, FINCH -- Multi-Sponsored by
          -- M. of A.  McDONOUGH -- read once and referred to the  Committee  on
          Insurance
        AN  ACT  to amend the insurance law, in relation to directing the super-
          intendent of financial services to establish a separate classification
          for liability insurance for businesses engaged in the installation  of
          wind or solar electric generating systems
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The insurance law is amended by adding a new section 2346-b
     2  to read as follows:
     3    § 2346-b. Reduction in rates of liability insurance for installers  of
     4  wind  or solar electric generating systems. (a) For the purposes of this
     5  section:
     6    (1) "Solar electric generating system"  means  a  photovoltaic  system
     7  that is manufactured, installed and operated in accordance with applica-
     8  ble  government  and  industry  standards,  and that is connected to the
     9  electric system and operated in  conjunction  with  an  electric  corpo-
    10  ration's transmission and distribution facilities.
    11    (2)  "Wind  electric generating system" means one or more wind genera-
    12  tors that are manufactured, installed and operated  in  accordance  with
    13  applicable  government and industry standards, and that are connected to
    14  the electric system and operated in parallel  with  an  electric  corpo-
    15  ration's transmission and distribution facilities.
    16    (b)  The  superintendent shall establish a separate classification for
    17  the determination of rates and premiums for liability, motor vehicle and
    18  workers' compensation provided to any person or entity  engaged  in  the
    19  business of installing solar and/or wind electric generating systems.
    20    (c)  The  superintendent shall provide for a reduction in the rates of
    21  liability, motor vehicle and workers'  compensation  insurance  premiums
    22  applicable  to  solar  and/or wind electricity generating system instal-
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03858-01-7
        A. 6870                             2
     1  lers, when such installers have filed no or  minimal  insurance  claims,
     2  and  adhere  to  sound jobsite safety practices. The reductions provided
     3  for shall  be  proportionally  related  to  the  actuarially  calculable
     4  decrease in losses in the aforementioned circumstances.
     5    §  2. This act shall take effect on the first of January next succeed-
     6  ing the date on which it shall have become a law, and shall apply to all
     7  policies issued, renewed, modified, altered or amended on or after  such
     8  date.