A06287 Summary:

BILL NOA06287B
 
SAME ASNo same as
 
SPONSORMorelle
 
COSPNSR
 
MLTSPNSR
 
Amd S2335, Ins L
 
Relates to motor vehicle liability insurance rates.
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A06287 Actions:

BILL NOA06287B
 
03/11/2011referred to insurance
04/06/2011amend (t) and recommit to insurance
04/06/2011print number 6287a
06/29/2011amend and recommit to insurance
06/29/2011print number 6287b
01/04/2012referred to insurance
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A06287 Floor Votes:

There are no votes for this bill in this legislative session.
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A06287 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         6287--B
 
                               2011-2012 Regular Sessions
 
                   IN ASSEMBLY
 
                                     March 11, 2011
                                       ___________
 
        Introduced  by M. of A. MORELLE -- read once and referred to the Commit-
          tee on  Insurance  --  committee  discharged,  bill  amended,  ordered
          reprinted  as  amended  and  recommitted  to  said  committee -- again
          reported from said committee with  amendments,  ordered  reprinted  as
          amended and recommitted to said committee
 

        AN  ACT to amend the insurance law, in relation to motor vehicle liabil-
          ity insurance rates
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subsection  (a)  of section 2335 of the insurance law, as
     2  amended by chapter 277 of the laws  of  2010,  is  amended  to  read  as
     3  follows:
     4    (a)(1)  with  respect  to  policies  issued, modified or renewed on or
     5  after November twenty-seventh, two thousand ten and prior to July first,
     6  two thousand eleven and any renewals thereof with respect to  any  acci-
     7  dent  which occurred prior to July first, two thousand eleven has had an
     8  accident that does not result in aggregate damage to property in  excess
     9  of  two  thousand  dollars,  provided that any policy surcharge shall be

    10  permissible for any accident which results in bodily injury  or  if  the
    11  insured  has more than one accident in the merit rating experience peri-
    12  od. Nothing in this subsection shall change the  dollar  amount  of  the
    13  accident reporting threshold required under paragraph one of subdivision
    14  (a) of section six hundred five of the vehicle and traffic law; and
    15    (2) with respect to policies issued or renewed on or after July first,
    16  two  thousand  eleven  has  had  an accident on or after July first, two
    17  thousand eleven that does not result in aggregate damage to property  in
    18  excess of two thousand dollars, provided that any policy surcharge shall
    19  be permissible for any accident which results in bodily injury or if the
    20  insured  has  more  than  one  accident  in  the merit rating experience

    21  period.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08541-08-1

        A. 6287--B                          2
 
     1    (3) the superintendent may, pursuant to regulation, increase  the  two
     2  thousand  dollar  threshold  for inflation or any other reason for which
     3  the superintendent determines the increase to be reasonable  and  appro-
     4  priate.  Whenever  the  superintendent  increases  the  threshold,  such
     5  increase  shall  apply  to accidents occurring on or after the effective
     6  date of the regulation. Nothing in  this  subsection  shall  change  the

     7  dollar  amount  of the accident reporting threshold required under para-
     8  graph one of subdivision (a) of section six hundred five of the  vehicle
     9  and traffic law.
    10    §  2.  This act shall take effect immediately; provided, however, that
    11  the amendments to subsection (a) of section 2335 of  the  insurance  law
    12  made  by section one of this act shall not affect the expiration of such
    13  section and shall be deemed to expire therewith.
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