New York S 8259: Authorizes the use of opioid antagonists by public accommodations for opioid overdose prevention

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S08259 Summary:

BILL NOS08259 

&nbsp

SAME ASSAME AS A10084

&nbsp

SPONSORSKOUFIS

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§7406 & 7407, Ins L

&nbsp

Relates to orders of conservation for domestic insurers.

Go to top S08259 Actions:

BILL NOS08259 

&nbsp

05/28/2025REFERRED TO INSURANCE

01/07/2026REFERRED TO INSURANCE

Go to topS08259 Committee&nbspVotes:

Go to topS08259 Floor&nbspVotes:

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

Go to topS08259 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8259

 2025-2026 Regular Sessions

 IN SENATE

 May 28, 2025
 ___________

 Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when
 printed to be committed to the Committee on Insurance

 AN ACT to amend the insurance law, in relation to orders of conservation
 for domestic insurers

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 7406 of the insurance law, the opening paragraph
 2 and paragraph 1 of subsection (a) as amended by chapter 215 of the laws
 3 of 1993, is amended to read as follows:
 4 § 7406. Grounds for conservation of assets of a domestic, foreign or
 5 alien insurer. (a) The superintendent may apply under this article for
 6 an order directing the superintendent to conserve the assets within the
 7 state of a domestic or foreign insurer upon:
 8 (1) any of the grounds specified in subsection (a) through (g), (j),
 9 (k) or (o) of section seven thousand four hundred two of this article,
 10 or
 11 (2) upon the ground that such insurer has consented to such an order
 12 through a majority of its directors, shareholders or members, or, with
 13 respect to a foreign insurer, has had its property sequestrated in its
 14 domiciliary country or state or in any other country or state.
 15 (b) The superintendent may apply under this article for an order
 16 directing [him] them to conserve the assets within this state of an
 17 alien insurer, except one which has its trusteed assets in this state,
 18 on any of the grounds specified in subsection (a), (b), (d) through (g),
 19 (j) or (k) of section seven thousand four hundred two of this article,
 20 or upon the ground that it has failed or refused to comply, within the
 21 time designated by the superintendent, with an order of the superinten-
 22 dent, pursuant to law, to rectify an impairment of its trusteed surplus,
 23 or that it has consented to such an order through a majority of its
 24 directors, shareholders or members, or has had its property sequestrated
 25 in its domiciliary country or elsewhere.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11934-01-5

 S. 8259 2

 1 § 2. Section 7407 of the insurance law, as amended by chapter 169 of
 2 the laws of 1990, is amended to read as follows:
 3 § 7407. Order of conservation of a domestic insurer or ancillary
 4 liquidation of a foreign or alien insurer. (a) An order to conserve the
 5 assets of a foreign or alien insurer shall direct the superintendent and
 6 [his] their successors in office, as conservator, forthwith to take
 7 possession of, and conserve, the insurer's property within this state,
 8 subject to the court's further direction.
 9 (b) Where the superintendent has been appointed pursuant to the
 10 provisions of section seven thousand four hundred six of this article as
 11 conservator of the assets of a domestic insurer, the conservator shall
 12 conduct an analysis of the business and financial condition of the
 13 insurer and may take such action as the conservator deems necessary or
 14 appropriate to correct the problems that led to the order of conserva-
 15 tion and restore the insurer to private management and normal oper-
 16 ations.
 17 (c) Where the superintendent has been appointed pursuant to the
 18 provisions of section seven thousand four hundred six of this article as
 19 conservator of the assets within the state of a foreign or alien insur-
 20 er, for which a domiciliary receiver is subsequently appointed for such
 21 insurer in its domiciliary state which is also a reciprocal state, as
 22 defined in section seven thousand four hundred eight of this article,
 23 the superintend