S03316 Summary:

BILL NOS03316A
 
SAME ASSAME AS A05381-A
 
SPONSORDEFRANCISCO
 
COSPNSRGRIFFO, GRISANTI, KLEIN, LARKIN, LIBOUS
 
MLTSPNSR
 
Amd S5103, Ins L
 
Relates to motorcycle insurance policies and requires owners' policies of liability to inform the insured that motor vehicle no-fault insurance does not apply to motorcycles and that state uninsured motorist coverage is available in the alternative.
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S03316 Actions:

BILL NOS03316A
 
02/16/2011REFERRED TO INSURANCE
06/06/20111ST REPORT CAL.1021
06/07/20112ND REPORT CAL.
06/13/2011AMENDED 3316A
06/13/2011ADVANCED TO THIRD READING
06/20/2011PASSED SENATE
06/20/2011DELIVERED TO ASSEMBLY
06/20/2011referred to insurance
01/04/2012died in assembly
01/04/2012returned to senate
01/04/2012REFERRED TO INSURANCE
06/04/20121ST REPORT CAL.990
06/05/20122ND REPORT CAL.
06/06/2012ADVANCED TO THIRD READING
06/21/2012COMMITTED TO RULES
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S03316 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         3316--A
            Cal. No. 1021
 
                               2011-2012 Regular Sessions
 
                    IN SENATE
 
                                    February 16, 2011
                                       ___________
 
        Introduced  by  Sens. DeFRANCISCO, GRIFFO, KLEIN, LARKIN, LIBOUS -- read
          twice and ordered printed, and when printed to  be  committed  to  the
          Committee  on  Insurance  --  reported  favorably from said committee,
          ordered to first and second report, amended on second report,  ordered

          to  a  third  reading,  and  to be reprinted as amended, retaining its
          place in the order of third reading
 
        AN ACT to amend the insurance law, in relation to  motorcycle  insurance
          policies
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 5103 of the insurance law is amended  by  adding  a
     2  new subsection (f-1) to read as follows:
     3    (f-1) Every owner's policy of liability insurance issued on a motorcy-
     4  cle  in  satisfaction of the requirements of article six or eight of the
     5  vehicle and traffic law or section twenty-four hundred seven of such law
     6  shall inform the insured that no-fault insurance provisions for  automo-
     7  biles or motor vehicles do not apply to motorcycles and that state unde-

     8  rinsured  motorist  coverage is available, and that the lack of no-fault
     9  insurance under some circumstances can be  offset  by  the  purchase  of
    10  state  underinsured  motorist coverage, since damages may exceed twenty-
    11  five thousand dollars, which is the amount of coverage required by law.
    12    § 2. This act shall take effect on the one hundred twentieth day after
    13  it shall have become a law; provided  that  any  rules  and  regulations
    14  necessary  to implement the provisions of this act on its effective date
    15  are authorized and directed to be promulgated and shall become effective
    16  on such date.
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09482-02-1
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