Provides that no schedule or rating plan for non-commercial private passenger automobile insurance shall include a premium charge for comprehensive coverage, optional or otherwise, for coverage of a rental vehicle due to loss of an insured's vehicle if the insured policyholder is between the age of eighteen and twenty-five.
STATE OF NEW YORK
________________________________________________________________________
2934
2011-2012 Regular Sessions
IN ASSEMBLY
January 21, 2011
___________
Introduced by M. of A. CALHOUN, CROUCH -- read once and referred to the
Committee on Insurance
AN ACT to amend the insurance law, in relation to prohibiting charges
for comprehensive coverage of a rental vehicle due to loss of an
insured's vehicle if the insured policy holder is between the ages of
eighteen and twenty-five
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 2336 of the insurance law is amended by adding a
2 new subsection (i) to read as follows:
3 (i) No schedule or rating plan for non-commercial private passenger
4 automobile insurance shall include a premium charge for comprehensive
5 coverage, optional or otherwise, for coverage of a rental vehicle due to
6 loss of use of an insured's vehicle if the insured policyholder is
7 between the ages of eighteen and twenty-five. The foregoing shall not
8 be applicable if the superintendent determines that a sufficient market
9 for rental vehicles exists for persons in this age group on a county by
10 county basis.
11 § 2. This act shall take effect on the one hundred twentieth day after
12 it shall have become a law and shall apply to any insurance policies and
13 contracts issued, renewed, modified or altered on or after such effec-
14 tive date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02751-01-1
