senate Bill S638

Amended

Requires report due the governor and legislature to include the incidence of misrepresentation by insured of the principal place where vehicles are driven and stored

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 12 / Jan / 2009
    • REFERRED TO INSURANCE
  • 11 / May / 2009
    • REPORTED AND COMMITTED TO FINANCE
  • 02 / Jun / 2009
    • 1ST REPORT CAL.532
  • 03 / Jun / 2009
    • 2ND REPORT CAL.
  • 04 / Jun / 2009
    • ADVANCED TO THIRD READING
  • 16 / Jul / 2009
    • COMMITTED TO RULES
  • 06 / Jan / 2010
    • REFERRED TO INSURANCE
  • 25 / Jan / 2010
    • REPORTED AND COMMITTED TO FINANCE
  • 09 / Feb / 2010
    • 1ST REPORT CAL.111
  • 22 / Feb / 2010
    • AMENDED 638A
  • 22 / Feb / 2010
    • 2ND REPORT CAL.
  • 23 / Feb / 2010
    • ADVANCED TO THIRD READING
  • 01 / Mar / 2010
    • SUBSTITUTED BY A1003A

Summary

Requires that the report due the governor and legislative leaders relating to insurance fraud include the incidence of misrepresentation by insureds of the principal place where motor vehicles are garaged and driven.

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Bill Details

Versions:
S638
S638A
Legislative Cycle:
2009-2010
Law Section:
Insurance Law
Laws Affected:
Amd ยง405, Ins L
Versions Introduced in 2007-2008 Legislative Cycle:
S188

Votes

15
0
15
Aye
0
Nay
3
aye with reservations
0
absent
0
excused
0
abstained
show Insurance committee vote details

Sponsor Memo

BILL NUMBER: S638

TITLE OF BILL :

An act to amend the insurance law, in relation to reporting on motor
vehicle insurance fraud


PURPOSE OR GENERAL IDEA OF BILL :

To report on the incidences of misrepresentation by insured as to
where the principal place of motor vehicles are garaged an driven will
be considered as a fraudulent insurance companies.

SUMMARY OF SPECIFIC PROVISIONS :

Section 405 of the Insurance Law is amended to require a report due
the Governor and Legislature to include the incidence of
misrepresentation by insured of the principle place where motor
vehicles are driven and stored.

JUSTIFICATION :

Within the metro areas of New York State, automobile insurance is
appropriately higher in relation to the more rural, less populated
areas of New York State. The reasons for higher rates of automobile
insurance in metro areas include higher incidences of accidents,
theft, and damage. The practice of misrepresenting the place where an
automobile is garaged or driven is a dishonest way of reducing the
costs paid for insurance. Residents of areas where insurance costs are
higher should not be permitted to pay lower rates for auto insurance
based simply on documentation that states their auto is garaged in an
area where insurance costs are lower. this act is causing an imbalance
in the insurance pool of some regions in less populated areas of New
York State, causing rates for less populated regions to be
artificially inflated. This legislation seeks to report on these
incidences in order to combat these abuses.

LEGISLATIVE HISTORY :

1999-2000-A.4563 Passed Assembly
S.5405 of 2001
S.2086 of 2003/2004
S.60 of 2005/2006
S.188 of 2007/2008

EFFECTIVE DATE :
This act shall take effect on the one hundred twentieth day after it
shall become law.
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