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S. 8466(Seward)/A. 11445(Morelle)

Excess Medical Malpractice

Summary:  This bill extends the expiration date from July 1, 2008 to July 1, 2013 the provisions of Section 2 of chapter 673 of the laws of 2005 to eliminate the requirement that the Medical Malpractice insurance pool (MMIP), the insurance of last resort for medical malpractice insurance for eligible physicians, dentists and podiatrists, offer a second layer of excess medical malpractice insurance to such health care providers.  Without this extension MMIP would be required to provide a second layer of excess medical malpractice insurance in the involuntary market despite the fact that no MMIP member insurer will provide in the voluntary market such coverage to its own policyholders.

Effective Date:  The bill is effective immediately.

Last Action: Approved and signed by the Governor on June 30, 2008 (Chapter 132 of the Laws of 2008).

Department of Financial Services


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