New York A 4259: Requires that advertisements which include a discount or rebate in the advertised price also include the actual selling price prior to any deductions in the same font and size

Status: ORDERED TO THIRD READING CAL.163 (as of 2020-01-08)

State: New York · Session: 2019-2020 · Bill: A 4259

Sponsors: DENDEKKER

Bill Text

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A04259 Summary:

BILL NOA04259A

&nbsp

SAME ASNo Same As

&nbsp

SPONSORWeprin

&nbsp

COSPNSRMcDonald, Dilan

&nbsp

MLTSPNSR

&nbsp

Add §303, Ins L

&nbsp

Authorizes the superintendent of financial services to hire an actuary to assist with reviewing any rate or form filing submitted to the superintendent.

Go to top A04259 Actions:

BILL NOA04259A

&nbsp

01/31/2025referred to insurance

06/03/2025amend (t) and recommit to insurance

06/03/2025print number 4259a

01/07/2026referred to insurance

Go to topA04259 Committee&nbspVotes:

Go to topA04259 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA04259 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4259--A

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 31, 2025
 ___________

 Introduced by M. of A. WEPRIN -- read once and referred to the Committee
 on Insurance -- committee discharged, bill amended, ordered reprinted
 as amended and recommitted to said committee

 AN ACT to amend the insurance law, in relation to the hiring of actuar-
 ies; and providing for the repeal of such provisions upon expiration
 thereof

 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 303 to
 2 read as follows:
 3 § 303. Hiring of actuaries. The superintendent may engage the
 4 services of an actuary that or whom the superintendent deems necessary
 5 to assist the superintendent, including assisting with reviewing any
 6 rate or form filing, pursuant to article thirty-four of this chapter
 7 submitted to the superintendent. The person who submitted the filing to
 8 the superintendent or the person for whom the services were performed,
 9 other than the superintendent, shall pay the cost of such services
 10 directly to the actuary engaged.
 11 § 2. This act shall take effect immediately and shall expire January
 12 1, 2029 when upon such date the provisions of this act shall be
 13 repealed.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07823-02-5

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