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A06591 Summary:

BILL NOA06591
 
SAME ASNo Same As
 
SPONSORBlankenbush
 
COSPNSRHawley, DeStefano, Brabenec, Durso, McDonough, Goodell, Salka
 
MLTSPNSR
 
Add §§5110 & 405-a, amd §§5102, 5103, 5108, 5106, 5303, Ins L; amd §§176.00, 176.05, 176.15, 176.20, 176.25, 176.30 & 176.35, add §§176.36, 176.37 & 176.66, Pen L; amd §846-m, Exec L
 
Enacts the New York automobile insurance fraud and premium reduction act; provides that this act is aimed at reducing insurance fraud and thus lowering the cost of insurance premiums; provides a provision for compensation to a person that reports insurance fraud to the authorities; further provides that this act also increases the penalty for insurance fraud; appropriates $3,100,000 therefor.
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