Relates to boating liability insurance rates; allows for a schedule of rates or rating plan for boat liability insurance submitted to the superintendent to provide for an actuarially appropriate reduction in premium charges for any insured who completed a boat safety course approved by the commissioner of parks, recreation and historic preservation.
STATE OF NEW YORK
________________________________________________________________________
7199
IN SENATE
May 1, 2012
___________
Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when
printed to be committed to the Committee on Insurance
AN ACT to amend the insurance law, in relation to boating liability
insurance rates
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The insurance law is amended by adding a new section 2336-b
2 to read as follows:
3 § 2336-b. Boat liability insurance rates; premium reductions in
4 certain cases. (a) Any schedule of rates or rating plan for boat liabil-
5 ity insurance submitted to the superintendent shall provide for an actu-
6 arially appropriate reduction in premium charges for any insured who has
7 successfully completed a boat safety course which has been approved by
8 the commissioner of parks, recreation and historic preservation. The
9 provisions of this section shall not apply to attendance at a course
10 pursuant to sections forty-five or forty-nine of the navigation law as a
11 result of any boating infraction.
12 (b) For the purposes of this section the term boat shall mean any
13 residential or pleasure vessel that is not a crew racing shell as
14 defined in section two of the navigation law.
15 § 2. This act shall take effect immediately and shall apply to all
16 policies and contracts issued, renewed, modified or altered on and after
17 such effective date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09934-01-1
